Letters to the Editor

Your views in 200 words or less

Tag: housing bubble


HOUSING: Here’s what really caused the bubble

Re: “Tea party, now for some facts” (letter, 9-17).

The writer states that the elections of 2006 and subsequent committee chairmanships of Barney Frank and Chris Dodd (Financial Services/Banking) led to the economic collapse 15 months later and that President Bush requested that Fannie Mae and Freddie Mac “stop” because “it’s” too risky.

On Jan. 20, 2004, President Bush, at a speech at the Home Builders Convention in Las Vegas, asked Congress to eliminate the down payment requirement for FHA loans. That same day, Bush’s Federal Housing Committee Chairman John Weicher said that “these proposed changes will extend the loans

Read more »