did Bill Clinton cause banking crisis?

[SLCPUNK]

Originally Posted by Miborn

http://www.traditionalvalues.org/pdf...seWarnings.pdf



Bush Administration Repeatedly Warned Congress About Looming Housing Market Crisis October 2, 2008 –

Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs

The Mess That Greenspan Made: The Clinton Housing Bubble

Again, where is the BILL the GOP put forth in response to these warnings?

Where is the threat of a filibuster?

What branch of government is responsible for overseeing GSEs?

What branch of government is responsible for enforcing laws on the books (ie regulation)?

Which party had a MAJORITY during all these "warnings"?

Did the POTUS veto any bill in regards to reform?

What power did the MINORITY party have to block your imaginary bills?

[HappyTexan]

Originally Posted by SLCPUNK

Again, where is the BILL the GOP put forth in response to these warnings?

Where is the threat of a filibuster?

What branch of government is responsible for overseeing GSEs?

What branch of government is responsible for enforcing laws on the books (ie regulation)?

Which party had a MAJORITY during all these "warnings"?

Did the POTUS veto any bill in regards to reform?

What power did the MINORITY party have to block your imaginary bills?

That was nothing more than pointing fingers when confronted.
Bush never put any pressure on law makers to reign in the "good times".

[walidm]

Originally Posted by Miborn

http://www.traditionalvalues.org/pdf...seWarnings.pdf



Bush Administration Repeatedly Warned Congress About Looming Housing Market Crisis October 2, 2008 –

Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs

The Mess That Greenspan Made: The Clinton Housing Bubble

Nice try - where's the Legislation, the actual BILL.

[kerrymac]

Originally Posted by sailordave

Did Clinton cause the banking crisis? - MSN Money
On Wall Street and Main Street they call William Jefferson Clinton the "Comeback Kid," but it's not because of some Election Day surprise.
It's because almost everything he did regarding financial-services regulation has come back to haunt us.
Clinton created a fertile environment for home-lending charlatans and hiding places for Wall Street swindlers, and upset a regulatory structure that had served the financial marketplace so well for more than six decades.

Sooooooooo true but Lib and Dems will not listen.

[Pfhtex]

Originally Posted by sailordave

Did Clinton cause the banking crisis? - MSN Money
On Wall Street and Main Street they call William Jefferson Clinton the "Comeback Kid," but it's not because of some Election Day surprise.
It's because almost everything he did regarding financial-services regulation has come back to haunt us.
Clinton created a fertile environment for home-lending charlatans and hiding places for Wall Street swindlers, and upset a regulatory structure that had served the financial marketplace so well for more than six decades.

Yes, he did. He, along with a Republican congress, mandated (as a result of pressure from ACORN) that mortgages be made more widely available.

THAT ACT, right there, was the bathtub in which the Financial Crack was made. After that, everyone else was just a dealer, or user.