Do you know left wingers still blame the 2008 housing bubble on just Booooosh?

[g5000]

Investors lost trust in the GSEs and turned to Wall Street instead.

Well sub-prime derivative market was very profitable...until it wasn't. Besides, if GSE's actually went down from internal problems they would drag down the rest of the market.

Sub-primes were less than three percent of the secondary market, until Wall Street went hog wild with CDOs.

The newly invented CDOs were a hot commodity, and there weren't enough good risks to pack into them, and so Wall Street threw the underwriting laws of the Universe out the window, and began searching for more paper to cram into their CDOs. And this mean they needed more and more borrowers.

When you run out of good risk borrowers, and still want to lend more money out, then you inevitably lower your standards. THIS is what caused the crash.

The idea the banks were FORCED to lend, as the retards claim, is ourtight laughable. Every time I hear a tard say that, I immediately know they are a parroting rube who is completely clueless.

Lehman Brothers bought their own mortgage broker pipeline to keep the paper flowing in. And Fuld thought he had his risks covered by credit default swaps and CDO-squareds and all kinds of other bizarre shit. He also thought that if all else failed, the US government would not allow him to collapse.

He was wrong on every count.

And when some ignorant parroting rube in Congress asked him during the hearing how much the CRA had to do with Lehman failing, Fuld responded, "De minimus."

Ok, but CDOs are still here today and we aren't crashing, right?

CDS are still here today, too, and they shouldn't be.

CDOs were working just fine before the bubble. They had a very specific purpose and carried no risk whatsoever. They were a righteous tool in the hands of people with integrity.

But then the dumb and greedy took over.

Credit Default Swaps should definitely be banned, though.

CDOs should be sold on an open exchange with transparent chains of collateral.

But if they aren't going away and we aren't crashing doesn't that mean they aren't the definitive cause?

People were the cause. Derivatives were the tools they used. Like the man warned in 2002, derivatives are "financial weapons of mass destruction."

We banned nukes for good reason. We should be banning financial nukes, too. At the very least, regulating them.

 

[Toddsterpatriot]

Bush was the guy who lowered the interest rates to practically zero so that anybody and everybody could qualify for a mortgage on the basis of income. The result was that the market was flooded with new buyers who couldn't previously qualify for a mortgage, and this resulted in bidding wars, and properties selling at way over asking. IOW's, the housing bubble.

Bush was the guy who lowered the interest rates to practically zero

When did he do that?

 

[Toddsterpatriot]

Well sub-prime derivative market was very profitable...until it wasn't. Besides, if GSE's actually went down from internal problems they would drag down the rest of the market.

Sub-primes were less than three percent of the secondary market, until Wall Street went hog wild with CDOs.

The newly invented CDOs were a hot commodity, and there weren't enough good risks to pack into them, and so Wall Street threw the underwriting laws of the Universe out the window, and began searching for more paper to cram into their CDOs. And this mean they needed more and more borrowers.

When you run out of good risk borrowers, and still want to lend more money out, then you inevitably lower your standards. THIS is what caused the crash.

The idea the banks were FORCED to lend, as the retards claim, is ourtight laughable. Every time I hear a tard say that, I immediately know they are a parroting rube who is completely clueless.

Lehman Brothers bought their own mortgage broker pipeline to keep the paper flowing in. And Fuld thought he had his risks covered by credit default swaps and CDO-squareds and all kinds of other bizarre shit. He also thought that if all else failed, the US government would not allow him to collapse.

He was wrong on every count.

And when some ignorant parroting rube in Congress asked him during the hearing how much the CRA had to do with Lehman failing, Fuld responded, "De minimus."

Ok, but CDOs are still here today and we aren't crashing, right?

CDS are still here today, too, and they shouldn't be.

CDOs were working just fine before the bubble. They had a very specific purpose and carried no risk whatsoever. They were a righteous tool in the hands of people with integrity.

But then the dumb and greedy took over.

Credit Default Swaps should definitely be banned, though.

CDOs should be sold on an open exchange with transparent chains of collateral.

But if they aren't going away and we aren't crashing doesn't that mean they aren't the definitive cause?

People were the cause. CDOs and CDS were the tools they used. Like the man said, "Financial weapons of mass destruction."

We banned nukes for good reason. We should be banning financial nukes, too. At the very least, regulating them.

Like the man said, "Financial weapons of mass destruction."

You mean the lying liar who ended up putting on some large positions in those weapons?
I hate that guy. Such a tool.

 

[g5000]

Bush was the guy who lowered the interest rates to practically zero so that anybody and everybody could qualify for a mortgage on the basis of income. The result was that the market was flooded with new buyers who couldn't previously qualify for a mortgage, and this resulted in bidding wars, and properties selling at way over asking. IOW's, the housing bubble.

Greenspan is the one who lowered interest rates, not Bush.

Bush did encourage increased lending by the banks and the relaxation of regulations, though. He provided financial incentives, too.

 

[Moonglow]

Of course we know that. Aren't they pathetic?

Like your perilous panty modeling..

 

[g5000]

Sub-primes were less than three percent of the secondary market, until Wall Street went hog wild with CDOs.

The newly invented CDOs were a hot commodity, and there weren't enough good risks to pack into them, and so Wall Street threw the underwriting laws of the Universe out the window, and began searching for more paper to cram into their CDOs. And this mean they needed more and more borrowers.

When you run out of good risk borrowers, and still want to lend more money out, then you inevitably lower your standards. THIS is what caused the crash.

The idea the banks were FORCED to lend, as the retards claim, is ourtight laughable. Every time I hear a tard say that, I immediately know they are a parroting rube who is completely clueless.

Lehman Brothers bought their own mortgage broker pipeline to keep the paper flowing in. And Fuld thought he had his risks covered by credit default swaps and CDO-squareds and all kinds of other bizarre shit. He also thought that if all else failed, the US government would not allow him to collapse.

He was wrong on every count.

And when some ignorant parroting rube in Congress asked him during the hearing how much the CRA had to do with Lehman failing, Fuld responded, "De minimus."

Ok, but CDOs are still here today and we aren't crashing, right?

CDS are still here today, too, and they shouldn't be.

CDOs were working just fine before the bubble. They had a very specific purpose and carried no risk whatsoever. They were a righteous tool in the hands of people with integrity.

But then the dumb and greedy took over.

Credit Default Swaps should definitely be banned, though.

CDOs should be sold on an open exchange with transparent chains of collateral.

But if they aren't going away and we aren't crashing doesn't that mean they aren't the definitive cause?

People were the cause. CDOs and CDS were the tools they used. Like the man said, "Financial weapons of mass destruction."

We banned nukes for good reason. We should be banning financial nukes, too. At the very least, regulating them.

Like the man said, "Financial weapons of mass destruction."

You mean the lying liar who ended up putting on some large positions in those weapons?
I hate that guy. Such a tool.

He wasn't a liar at all.

As for buying large positions, you may be confusing him with Soros and the sterling.

Buffet didn't take any large positions until after the crash, and that was to save the banks.

 

[Toddsterpatriot]

Ok, but CDOs are still here today and we aren't crashing, right?

CDS are still here today, too, and they shouldn't be.

CDOs were working just fine before the bubble. They had a very specific purpose and carried no risk whatsoever. They were a righteous tool in the hands of people with integrity.

But then the dumb and greedy took over.

Credit Default Swaps should definitely be banned, though.

CDOs should be sold on an open exchange with transparent chains of collateral.

But if they aren't going away and we aren't crashing doesn't that mean they aren't the definitive cause?

People were the cause. CDOs and CDS were the tools they used. Like the man said, "Financial weapons of mass destruction."

We banned nukes for good reason. We should be banning financial nukes, too. At the very least, regulating them.

Like the man said, "Financial weapons of mass destruction."

You mean the lying liar who ended up putting on some large positions in those weapons?
I hate that guy. Such a tool.

He wasn't a liar at all.

As for buying large positions, you may be confusing him with Soros and the sterling.

Buffet didn't take any large positions until after the crash, and that was to save the banks.

He wasn't a liar at all.

He's a huge liar. For instance, he said his secretary pays a higher tax rate than he does.

As for buying large positions, you may be confusing him with Soros and the sterling.

Nope. Buffett put on some very large derivative positions.
Closed some/all recently.

 

[francoHFW]

Clinton was just as responsible, for the regulatory framework that lead to the housing boom and dotcom crash.

With a GOP majority in both houses?

Try again.

Clinton has admitted some culpability

“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Former President Bill Clinton (D-AR), September 25, 2008

F+F lost 50-70% of their share of the market when Booosh pals Countrywide etc started selling crap in 2002. The F+F BS is pure crap propaganda.

 

[Dragonlady]

Bush was the guy who lowered the interest rates to practically zero so that anybody and everybody could qualify for a mortgage on the basis of income. The result was that the market was flooded with new buyers who couldn't previously qualify for a mortgage, and this resulted in bidding wars, and properties selling at way over asking. IOW's, the housing bubble.

Greenspan is the one who lowered interest rates, not Bush.

Bush did encourage increased lending by the banks and the relaxation of regulations, though. He provided financial incentives, too.

Greenspan worked for BUSH!!! Bush wanted the interest rate lowered to stimulate the economy after 9/11, and to help low income Americans qualify to buy homes. The problem started three years later when the interest rates started to lock in on these mortgages at triple the interest rates Bush/Greenspan stipulated. Mortgage payments tripled overnight, and those who had put nothing down, had nothing to lose in walking away. The trend was noticed in 2006, with rising foreclosure rates, and peaked in 2008 when the bubble collapsed utterly, taking the rest of the economy down with it, both in the US and abroad.

 

[Fueri]

Clinton was just as responsible, for the regulatory framework that lead to the housing boom and dotcom crash.

With a GOP majority in both houses?

Try again.

Clinton has admitted some culpability

“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Former President Bill Clinton (D-AR), September 25, 2008

F+F lost 50-70% of the market when Booosh pals Countrywide etc started selling crap in 2002. The F+F BS is pure crap propaganda.

Take it up with Clinton then.

Or Greenspan, who said this in '05

"”We at the Federal Reserve remain concerned about the growth and magnitude of the mortgage portfolios of the government-sponsored enterprises, which concentrate interest rate risk and prepayment risk at these two institutions and makes our financial system dependent on their ability to manage these risks” … “To fend off possible future systemic difficulties, which we assess as likely if G.S.E. expansion continues unabated, preventive actions are required sooner rather than later.”



People saw this shit coming. They were ignored.

 

[Toddsterpatriot]

Bush was the guy who lowered the interest rates to practically zero so that anybody and everybody could qualify for a mortgage on the basis of income. The result was that the market was flooded with new buyers who couldn't previously qualify for a mortgage, and this resulted in bidding wars, and properties selling at way over asking. IOW's, the housing bubble.

Greenspan is the one who lowered interest rates, not Bush.

Bush did encourage increased lending by the banks and the relaxation of regulations, though. He provided financial incentives, too.

Greenspan worked for BUSH!!! Bush wanted the interest rate lowered to stimulate the economy after 9/11, and to help low income Americans qualify to buy homes. The problem started three years later when the interest rates started to lock in on these mortgages at triple the interest rates Bush/Greenspan stipulated. Mortgage payments tripled overnight, and those who had put nothing down, had nothing to lose in walking away. The trend was noticed in 2006, with rising foreclosure rates, and peaked in 2008 when the bubble collapsed utterly, taking the rest of the economy down with it, both in the US and abroad.

Greenspan worked for BUSH!!!

The guy who became Fed Chairman in 1987?

at triple the interest rates Bush/Greenspan stipulated

Bush stipulated mortgage rates? LOL!

 

[g5000]

Bush was the guy who lowered the interest rates to practically zero so that anybody and everybody could qualify for a mortgage on the basis of income. The result was that the market was flooded with new buyers who couldn't previously qualify for a mortgage, and this resulted in bidding wars, and properties selling at way over asking. IOW's, the housing bubble.

Greenspan is the one who lowered interest rates, not Bush.

Bush did encourage increased lending by the banks and the relaxation of regulations, though. He provided financial incentives, too.

Greenspan worked for BUSH!!!

Nope.

 

[BuckToothMoron]

Concentrate on this

STRAWMAN ALERT!
I never said the stock market was designed to help the less fortunate.

Under BO - The stock market is near an all time high. Are you happy about that, and has it helped the less fortunate?

You just lie and then deny it only to come back with more bullshit. I'm not interested in kicking the ball when you keep moving it

Fine, run away.

 

[g5000]

CDS are still here today, too, and they shouldn't be.

CDOs were working just fine before the bubble. They had a very specific purpose and carried no risk whatsoever. They were a righteous tool in the hands of people with integrity.

But then the dumb and greedy took over.

Credit Default Swaps should definitely be banned, though.

CDOs should be sold on an open exchange with transparent chains of collateral.

But if they aren't going away and we aren't crashing doesn't that mean they aren't the definitive cause?

People were the cause. CDOs and CDS were the tools they used. Like the man said, "Financial weapons of mass destruction."

We banned nukes for good reason. We should be banning financial nukes, too. At the very least, regulating them.

Like the man said, "Financial weapons of mass destruction."

You mean the lying liar who ended up putting on some large positions in those weapons?
I hate that guy. Such a tool.

He wasn't a liar at all.

As for buying large positions, you may be confusing him with Soros and the sterling.

Buffet didn't take any large positions until after the crash, and that was to save the banks.

He wasn't a liar at all.

He's a huge liar. For instance, he said his secretary pays a higher tax rate than he does.

As for buying large positions, you may be confusing him with Soros and the sterling.

Nope. Buffett put on some very large derivative positions.
Closed some/all recently.

Warren Buffett's Actual Tax Rate Much Closer To 31%, While His Office Workers Pay 21%

How did Buffett's positions work out? Did he cause destruction? Or did he use them properly?

 

[Markle]

Of course we know that. Aren't they pathetic?

No question. They strongly believe that they can re-write history and have people actually believe their lies.

Exactly like they try to convince blacks and minorities that it was Democrats who passed all the civil rights acts and laws specifically to protect blacks and minorities. Despicable.

 

[g5000]

Of course we know that. Aren't they pathetic?

No question. The strongly believe that they can re-write history and have people actually their lies.

Exactly like they try to convince blacks and minorities that it was Democrats who passed all the civil rights acts and laws specifically to protect blacks and minorities. Despicable.

It was a Democratic President, in conjunction with liberal Republicans and Democrats, who passed the civil rights acts, while being virulently opposed by far right Southern Christian conservative Democrats.

See, you tards always leave out the Christian conservative part. Because you are willfully ignorant. Just like you try to pretend Bush was just a seat warmer while the economy was being wrecked on his watch.

 

[Markle]

Clinton was just as responsible, for the regulatory framework that lead to the housing boom and dotcom crash.

Clinton, the Lame Duck, dogged by impeachment proceedings over the Lewinsky Scandal, signed the legislation which originated in the Republican House and Senate, into law. But make no mistake - this was a Republican bill.

Bush made it a goal to make every American a home owner. He pushed it hard.

Your intentional ignorance of the facts is not at all surprising. Democrats and Progressives find it impossible to blame any of their programs for anything. All they can say is..."well...it WOULD have worked if it only had more...MONEY!

Here, mull over these facts and as a Realtor for over 40 years, I have lots more.

Bush Called For Reform 17 Times In 2008
Somehow our ever vigilant media has failed to notice this press release from September 19, 2008 From White House.

[Maybe if the White House had posted this at the Daily Kos our media may have noticed it.]
The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.

President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

2001

April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03)

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004

February: The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to “not take [the financial market’s] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04)

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05)

2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07)

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.

September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07)

2008

January: Bank of America announces it will buy Countrywide.

January: Citigroup announces mortgage portfolio lost $18.1 billion in value.

February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: Bear Stearns announces it will sell itself to JPMorgan Chase.

March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

# “Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08)

# “[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

# “Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

Needless to say, our ever vigilant Congress, who after all control these such things, ignored these warnings studiously.

 

[francoHFW]

Clinton was just as responsible, for the regulatory framework that lead to the housing boom and dotcom crash.

With a GOP majority in both houses?

Try again.

Clinton has admitted some culpability

“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Former President Bill Clinton (D-AR), September 25, 2008

F+F lost 50-70% of the market when Booosh pals Countrywide etc started selling crap in 2002. The F+F BS is pure crap propaganda.

Take it up with Clinton then.

Or Greenspan, who said this in '05

"”We at the Federal Reserve remain concerned about the growth and magnitude of the mortgage portfolios of the government-sponsored enterprises, which concentrate interest rate risk and prepayment risk at these two institutions and makes our financial system dependent on their ability to manage these risks” … “To fend off possible future systemic difficulties, which we assess as likely if G.S.E. expansion continues unabated, preventive actions are required sooner rather than later.”



People saw this shit coming. They were ignored.

Still going on about Clinton and F+F that had near nothing to do with it, dupe? Change the channel...

 

[edthecynic]

Regulations have consequences

But, but, but repealing Glass-Steagall REDUCED regulation and the Right blames its repeal for the Bush Housing Crash!!!!!
How can it be that reduced regulation caused a bubble???

But, but, but repealing Glass-Steagall REDUCED regulation and the Right blames its repeal for the Bush Housing Crash!!!!!

Elizabeth Warren blames its repeal, is she on the right?
So does Bernie. He a righty?

Do you blame the repeal?

But, but, but she doesn't make the moronic claim that reduced regulation is good for the economy, now does she!!!!!!!! geeezzzz you fools are dense!!!

 

[Markle]

Of course we know that. Aren't they pathetic?

No question. The strongly believe that they can re-write history and have people actually their lies.

Exactly like they try to convince blacks and minorities that it was Democrats who passed all the civil rights acts and laws specifically to protect blacks and minorities. Despicable.

It was a Democratic President, in conjunction with liberal Republicans and Democrats, who passed the civil rights acts, while being virulently opposed by far right Southern Christian conservative Democrats.

See, you tards always leave out the Christian conservative part. Because you are willfully ignorant. Just like you try to pretend Bush was just a seat warmer while the economy was being wrecked on his watch.