The housing market crash caused this financial disaster.
The democrats created a program to allow the poor to buy houses who couldn’t qualify for a regular prime loan. You know the only loans anybody is now offering and they are extremely difficult to get now.
The democrats created Fannie Mae and Freddie Mac to fund these sub prime loans for the poor. Several times Bush and agencies tried to tell the democrats that FM & FM were cooking the books and the democrats said they was full of it and nothing was wrong. Do you realize how many investors lost there shirts when Barney Frank, Christofer Dodd and the rest of the democrat gang said there was nothing wrong with FM & FM's finacial situation?
And now look what happened. Those democrat programs and FM & FM agencies failed to the tune of over a trillion dollars alone not counting the outside investors. Guess what, you don’t see anybody offering those programs anymore. Care to guess why?
Now this mess we are in might have happened while a republican president was in office but that is not why it happened. It was not conservatism polices but liberal polices that failed, albeit while a republican was president and that is all you have.
If there was no democratic policies that I discribed above we wouldn't be in this mess. The conservative lending practices of making sure you qualify for a loan was the safety link. Isn't it funny how we are now resorting back to that now.
You are only fooling yourself or you don’t understand the facts.
Flame » in reply to "Good Lord, is anything that's going on sinking in here at all?"
Sinking in your own hole
The whole thread (46 posts)
- Leftist feeding frenzy
- Methods of setting CEO pay have failed
- "There’s deeply rooted anger on the part of the average American,"
- Did you ever consider
- Looks to me as if the feeding frenzy happened, and did in the economy.
- Gosh, I guess I'll have to start cheating on my taxes again and backdating my stock option exercise dates!
- Hello? It ain't the CEOs cheating on their taxes.
- CEO pay soared during the Bush years, at twice at the rate of average salary increases
- "Good Lord, is anything that's going on sinking in here at all?"
- Sinking in your own hole
- there is about one sentence in that whole screed that is true
- There is no doubt in your mind you believe that.
- re: There is no doubt in your mind you believe that.
- Bowser, it's word for word out of the mouths
- Sinking in your own hole
- Hello? It ain't the CEOs cheating on their taxes.