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Who came up with the crazy idea you could sell houses to people too poor to keep them? Geesh.
I don't know why these men aren't in jail.
President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.
Your posting a deliberately biased site towards Conservatives (biased in a good way) as your source?
Of course their going to think that the Democrats' policies ruined the economy! This is the biggest case of facepalming I've ever gotten from you.
Surprised that puppets like you can even form your own thoughts. What's next? Liberals caused the Dorner to go ballistic?
The idea that one could give mortgages to those credit unworthy happens when mortgage issuers have perverse incentives. Since they we're going to sell the mortgages, which were falsely rated as AAA, to investment bankers who would break them up into bond-like instruments, the mortgage issuer couldn't care these if those mortgages were ever repaid.
Who came up with the crazy idea you could sell houses to people too poor to keep them? Geesh.
I don't know why these men aren't in jail.
President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.
It was bipartisan through Congress. Not because a flip flopper like Bush said so. In his 2004 speech at the republican national convention -
Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."
2008 was the year that presidential hack Herman Cain admonished democrats for saying the economy has going well and the dems didn't know what they were talking about. Two weeks later the crash.
It isn't party, it's policy. It's always about policy.
Who came up with the crazy idea you could sell houses to people too poor to keep them? Geesh.
I don't know why these men aren't in jail.
President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.
You missed the 3 part minimum wage increase that the democrats forced on a military appropriations bill, that combined with all the shaky loans further forced this on us. Kids started losing jobs, prices went up, less money being made and spent, meant MORE jobs being lost, and the people they were trying to help, became the ones most hurt. Lower end jobs were the ones being lost for the most part, and people barely holding on, and barely making the mortgage that they were allowed to get, even through they should not have qualified for it, were among the first to go, which affected everyone, and caused even MORE jobs to be lost, both in the service industry, and appliance industries, which caused even more mortgages to fail, and more jobs to be lost, even LESS money earned and spent.
If you look carefully at this last "Recession", you can see that it took aff right after the first of the 3 part minimum wage increases.
There is a paper trail a mile long of dummycrat bills that were signed into law.
It's all there for those who seek the truth.
BTW....the GOP isn't totally innocent in all this, but are far from the culprits.
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