Roudy
Diamond Member
- Mar 16, 2012
- 59,843
- 18,094
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Do you remember all the nefarious ways the GOP deregulated the banks and mortgage industries? Almost like they did it on purpose. Need an example because you had your head up your ass back then? Bush loosened how much money banks had to keep in their reserves in case of an emergency. Said it was to help stimulate the economy.They were all working. Who know the corporate/GOP evil plot to send all those jobs overseas just so they could break unions, renig on pensions, give the rich and corporations tax breaks,pay Chinese wages hire illegals workers, cut ss and Medicare. All while waging two wars.Didn't America almost go bankrupt? And the GOP are asking the poor and middle class to pick up the tab? Sounds like Greece, France, Arab uprising. Isn't Puerto Rico bankrupt?Damn, did you just use GREECE as an example?! You did, didn't you? Ha ha ha.
Last question. What is our national debt? Go look at that and then make fun of Greece. Not only do the bankers (corporations) own you so does china. You only have a savings account as long as the bankers say you do and your home is only worth what they say it's worth.
Yes, when the Democrats forced the banks to give loans to everybody and his uncle, the shit was going to hit the fan sooner or later.
It's called disaster capitalism.
No actually it's called disaster socialism where Democrats force the banks to give out loans to people who weren't qualified to get loans. And then greedy Wall Street financial firms and advisors create exotic investment plans with these bad loans. The economy wasn't doing bad, the roof of banks came crashing down on them, and ended up taking everybody down with them. The Democrats and their policies are more to blame, it just ended up happening under Bush.
Now you fools say the GOP saw the collapse coming and you warned us. If that's true, why did they loosen bank regulations? I don't think they are that stupid.
Never said the GOP didn't play any role. They both did, but to blame it all in the GOP just because Bush was in office is a farce. People forget that the House and Senate was controlled by the Dems at the time.