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The Great Lie Exposed.

posted 4/5/2009 6:10:10 PM |
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  GryGoast




Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown

Gry

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Wordsofwit

Apr 5 @ 7:45PM  
I can't argue with that. I saw Fanny and Freddie as the the tipping point towards recession. The other lenders the nation could absorb, not these two.
There had been too much deregulation leading to this mess. It began with George H. Bush, continued through Clinton, and into George W. It was, IMHO, a bipartisan mental meltdown.
paulywalnuts

Apr 5 @ 8:21PM  
Where are all the liberals now ?

Yea..Barney Frank..a real American Hero
StraddleMyNose

Apr 5 @ 10:40PM  
Bruce, I believe the mess started under Clinton in the late 90's.
GryGoast

Apr 5 @ 11:06PM  
Bruce, I believe the mess started under Clinton in the late 90's.


Clinton administration's BANK AFFIRMATIVE ACTION They forced banks to make BAD LOANS and Obama's tie to all of it!!!
evild614

Apr 6 @ 2:33AM  
It's politically correct to feel bad for the schmuck losing his house. It's easy for barely-literate consumers who don't understand economics on any level to point fingers at banks and politicians on both sides of the isle. But I've yet to hear of one single incident in which a banker or legislator pointed a gun to a person's head and made them take out a home loan. Fact of the matter is, the middle class's irresponsibility and short-sightedness (and general lack of finance comprehension) led to their own demise.

I say fuck the deadbeats. Fuck the people who would rather blame the successful for their own failure rather than try and compete with them. Fuck partisanship lines- politicians didn't cause this meltdown. Fuck it all. I'm a full-time student, I got two jobs, never been late on rent or a utility bill, got time to read the WSJ every day, and usually a little bit of cash at the end of the month to put in a long-term CD towards a down-payment on a home. How do I manage all this? I don't stop to ask, "whose fault is it that I'm poor?" I just work 'till I'm not poor anymore.
StraddleMyNose

Apr 6 @ 2:42AM  
But I've yet to hear of one single incident in which a banker or legislator pointed a gun to a person's head and made them take out a home loan.
You're right, a lot of these people who got these loans are to blame as well, getting themselves in over their heads with these loans. They hold responsibility as well.

How do I manage all this? I don't stop to ask, "whose fault is it that I'm poor?" I just work 'till I'm not poor anymore.
Right on!
southerngent64

Apr 6 @ 5:48AM  
NPR had an interview on March 25th with Frank Partnoy, a professor at the USD School of Law, who sold derivatives in the '90s. He blames them, and credit default swaps, for the current financial crisis.

Here's the link. Click on the "Listen Now" link and sit back for 40 minutes. Prepare to get pissed off.

NPR Link

surv6969

Apr 6 @ 8:26AM  
to FOX and GryGoast. I had heard this before on Rush but it is more effective to see it. To bad the other media won't stop kissing the Dem's ASS.

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The Great Lie Exposed.