[slowbubblecar]

Originally Posted by merkzu

The economy is mostly screwed because of the housing market collapse, and Bush had pretty much nothing to do with it. Maybe you should look into who the politicians were that encouraged subprime lending and who was involved at Freddie/Fannie. As a hint you will find a lot of "D"s

Since when do politicians grant loans???? Last time I checked it was financial institutions making these loans. Fannie and Freddie bought the loans from financial institutions if you didn't know. They don't have offices open for people to go into to get a loan. The only reason Fannie and freddie are having problems is from people not paying their loans. It has nothing to do with home values. Regardless of home values, if people were paying their loans as the terms stated, they would be doing just fine.