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Rosemary Said:

Who really caused the sub-prime crises Democrats?

We Answered:

Henry Cisneros under the Clinton adminisration authored the entire mess.

Howard Said:

The Government-Created Subprime Mortgage Meltdown?

We Answered:

I have to disagree. The sub-prime crisis was created by the lenders, home builders and borrowers out of "GREED". Lenders teamed up with home builders to take advantage of the low interest rate environment and came up with all kinds of "fancy" loan products to allure those low-income buyers into purchasing homes they couldn't afford down the road. Our government has been allowing these loan products to be offered to the public. You can say they are particially responsible.

Erin Said:

I am nervous about takng my son to daycare for the first time. Help!?

We Answered:

You could ask her for references. Even if she is new to this business she should at least have some friends (or maybe her pediatrician) that can attest to her parenting skills. If the fiance is going to be home at all while your child is there then you should meet him too. Does she know CPR and first aid? Does she have an open door policy (you can drop in any time unannounced)? This is a must. A written contract can help you both spell out the terms of her care and what is and isn't included. Find out if you are expected to pay if the child is home sick or if she takes a day off for personal reasons. Talk about how much notice she'll need if you decide to go elsewhere and how much notice she has to give you if she can no longer continue or needs a day off. I think a drug test would be excessive but if they are amenable to a background check and it is not too pricey then go for it.

Teresa Said:

Who is responsible for the Economy situation today?

We Answered:

Republicans caused it.

Phil Gramm stripped away all regulations on the banking and housing industries. Without his actions, clinton's would have been totally innoculous.

If Bush had been able to stop vacationing long enough to read the brief about OBL's attack being imminent, he could have done what every previous president did --- and kept the country safe.

If that had happened we don't invade Afganistan and we might not even invade Iraq. That is a ton of debt not incurred that would not devalue our dollar and spike the cost of oil (cost of oil moved as the dollar devalued).

All Republican ideas.

Ellen Said:

Dems want to "reform" the Mortgage Finance Industry- Uh.. haven't we been down this road before?

We Answered:

Everything that the Democrats try in the private sector usually ends up costing many times more than projected or go into full cardiac arrest. The sub prime housing scam was used to garner votes from the new homeowners made possible by Democrat legislation. We all see how that turkey flew, it flew directly into our financial sector and crashed and burned taking our economy with it. Now they wish to further damage the economy with more half baked schemes. Just what we need, more Democrat fixes for the economy and financial sector. If they keep it up, there will be nothing in the private sector that they don't control. They have already destroyed the business sector with excessive regulation. If I were in the market for a CFO, I would never let a Washington Democrat near my business or my checkbook.

Katie Said:

Who is to blame for the financial mortgage and lending crises?

We Answered:

Only six percent of the subprime loans that have been foreclosed on were given out by CRA-affiliated banks, so I don't think that you can blame this recession on the CRA alone. Both parties failed to address this crisis before it started. It was also fueled by private investors who were playing a game of "hot potato" with mortgage-backed securities. They knew that the bubble was going to burst, so they bought up these subprime mortgages and sold them off quickly for a nice little profit. Once the game was over, the investors and bankers that got stuck with these mortgages suffered a huge hit. There is a lot of blame to go around for this one. Not many folks in D.C. or on Wall Street can claim that they had nothing to do with it.