|9/17/2012 4:54:00 PM|
Catholic News Service
Bill Clinton hosts pope in 1993.
To the Catholic Sentinel:
The letter by John Metschan of Neskowin is right on — both as to gas prices and the cause of the housing bust. It is strange that the liberal media never report these true facts but paint the recession as being caused by greedy Wall Street bankers.
The bankers would never have been involved had not the Clinton administration ordered Fannie Mae and Freddie Mac to lower lending standards. This resulted in a housing boom that crashed.
John Becic, Portland