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- #21
It's as much of a miracle as an arsonist, who shows up to help put out a fire he set, is a hero.
The analogy would hold if we were talking about Bush being in office, but Obama was not in office when the World's Financial Crisis was coming to a head.
Bush and Clinton would be the arsonists here.
get a life and while you're at it, ask for a boxed set of critical thinking skills. I think there is a discount being offered for pseudo-intellectuals with poor personal hygiene. You should qualify.
It's far more complicated than just Clinton, Bush, or Obama.
For decades, multiple interests have conspired and/or acted to plunder the U.S. taxpayer. This crisis is just one reductio ad absurdum of Privatizing Profit and Socializing Risk.
Steve Melanga wrote an excellent piece in 2008 on one of the proximate causes of the current crisis: Slack Lending Standards.
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RealClearMarkets - Articles - The Long Road to Slack Lending Standards
I better not get sick following the above link.
forewarned
D.