".That's what caused our last meltdown."
Wrong again.
What caused the mortgage meltdown was Democrats ignoring the Constitution, article 1, section 8, and deciding that the federal government should meddle in the private housing industry.
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie and Freddie to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
That's the CliffNotes version.
I don't believe you can handle the details.
Once more since you stick to your LIES
Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.
Q Did the Community Reinvestment Act under Carter/Clinton caused it?
A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
"When did the Bush Mortgage Bubble start?"
When Democrat Franklin Roosevelt created Fannie Mae in in 1938.your question is moot. The USA has not tortured anyone. Waterboarding and sleep deprivation are not torture.
So you have no moral, legal, ethical objection to an enemy waterboarding captured Americans?
You will take the side of the enemy if that issue ever comes up?
Can you promise to do that?
the japanese did it during WW2. American GIs are waterboarded as part of their training. We dropped two nuclear bombs on Japan and killed hundreds of thousands. War is hell. There are no rules in war except kill the enemy before he kills you.
you liberal pussies need to wake up and understand how the real world works.
You didn't answer the questions.
btw, I'm a veteran and no we were not waterboarded as part of our training.
All that means is you were not a part of a special operations unit.
All it means is that training Americans for possibly being waterboarded does not mean waterboarding is not torture.
Wrong
Our military uses waterboarding for special operations units to help them resist real torture.
They are not training them for the enemy to water board them, the enemy uses much worse techniques called real torture.
Quite a few on the left have no ability to use logic and reasoning much less use common sense.
That's why they make crazy statements like the one above.
Training Americans for possibly being water boarded by our enemies. If only that were really true rather than the reality of beheading.
What a fantasy world.