Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,077
- 36,123
MeaninglessWhen you're president, you're in charge and you're most responsible.
Yup. And no Democrats were even partially responsible.....right?
Not Clinton, who first forced Fannie and Freddie to start buying subprime crap.
And no other Dems who fully supported CRA and other measures that forced banks
to make loans to risky borrowers. Not even Obama when he was organizing his Chicago community.
Bush and the GOP were most responsible.
Bush was a total failure. Trump was a total failure. The majority of the problems in the US can be traced back to the total failures of the GOP.
You can blame others all you want, but no unbiased person believes it.
I have posted already in this thread the main reasons why the economic collapse happened at the end of the bush boy years.
DEGREULATION.
Loans that were illegal before the bush boy and his republican congress were all of a sudden legal. With the already proven predictable outcomes which were warned before the deregulation.
It was illegal for Fannie Mae to buy those formerly illegal and predatory lending loans before the bush boy and his republican congress.
It was illegal for those loans to be bundled with a few good loans then given the rating of prime before the bush boy and his republican congress.
States had lending regulations before the bush boy and his republican congress voided all state laws and regulations regarding lending.
Democrats aren't the party of tax cuts or deregulation.
That is the republican party.
They can lie through their teeth all they want but that isn't doing to change reality and honest facts.
Which makes you arguing with them a waste of time.
Loans that were illegal before the bush boy and his republican congress were all of a sudden legal.
Which ones? When was legislation passed to make them legal? Be specific.
It was illegal for Fannie Mae to buy those formerly illegal and predatory lending loans before the bush boy and his republican congress.
Liar.
Government policies and the subprime mortgage crisis - Wikipedia