The GOP is being ridiculous at this point, the agency is essential for our citizens and the only ones who need protecting are not the banks but the citizens for whom the agency is designed for, as is evidenced in all the lawsuits against the banks going on right now because of their wrongful doing. If we had had an agency in place previously, many mortgage customers perhaps wouldn’t have been taken in by the banks practically giving away loans. The banks wouldn’t be trembling in their portfolio’s right now because the damages being sought against them if they lose will bring them down. Not that I’m worried for them, it serves them right. They behaved with criminal indifference in trying to manipulate the housing, mortgage and insurance industries for their own ill-gotten gains.
Read the Article at HuffingtonPost