Deeper Doo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And pushed basically to make more and more loans, guarantee more people's loans in the lower income categories that couldn't qualify for traditional 20-mortgages thus the government provided assistance. that became controversial because as you did that, more people that couldn't afford the loans took loans and when the housing bubble burst, they couldn't pay it back and it led to a massive implosion of housing prices and the financial -- >> neil: you're not saying they're too big to fail? >> what do you think happened? they're in conservatorship and they want to bring them back. >> neil: i don...

A better and better decision. i think politically i helped the party. in other words, had we not done this, expiration or not we would be in deeper doo doo. it was only a few months later, of course, 9/11 hit and we were looking at a war. you can imagine if these were not in place, how much worse things economically would have been. >> sure, absolutely. look, i wasn't happy at the time. the president wasn't thrilled with the idea of an expiration date but politics is the art of getting things done in a reasonable fashion and that was a concession we were willing to make. i was amused at your i...

Whatever their economic case is, and, i know the administration, is trying hard to say, i dhad i not been for these things, we would be in deeper doo-doo and we might have saved jobses and it might have been 3 million jobs, and there is no way to can't fi and that we are down 2 million jobs, plus, so... we have spent a lot of money, and -- >> the vote count was interesting and got by, by that much in thousands. >> people are saying, we keep spending and digging in deep here and, maybe we just, will cycle out of this and maybe the trend will be our friend, anyway, and recession that normally la...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.