Effects of Cold Water at our Body

Eric & Karen,Actually President Johnson, set up the basics for the mortgage crisis when he signed legislation that converted Fannie Mae from a government controlled corporation to an independent publicly owned corporation, and then late President Carter and his democratic congress added to the risk by initiating the Community reinvestment Act ( I was a community bank executive at the time), and we were forced to make mortgage loans to unqualified buyers. This risk was expanded further under President Clinton, when he signed legislation repealing the Glass-Steagall Act. And, then Barney frank and Maxine Waters fought the Republican attempt to add more controls on the loose credit operations of Fannie Mae and Freddie Mac. I was a community bank CEO during much of that time, and never had to be bailed out, although I could see that problems with mortgages could very easily develop down the road. Savings & Loan institutions were often financing 30 year fixed-rate mortgages with short term deposits. Then Fannie Mae and Freddie Mac started buying up millions of dollars in mortgages.