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Isn't it entertaining to watch little truthmatters go ballistic when Democrats are revealed as the perpetrators behind the 2008 financial crisis? He's spewing dozens of posts, not waiting for replies, calling everyone names, changing the subject, and ignoring what was cited to show his party's guilt.
More fun than a barrel of monkeys.........!
They could do all this lying and rolling becuase the day to day Brokers they had were left UNREGULATED by the Bush SEC right up until a couple of days before the crash
Isn't it entertaining to watch little truthmatters go ballistic when Democrats are revealed as the perpetrators behind the 2008 financial crisis? He's spewing dozens of posts, not waiting for replies, calling everyone names, changing the subject, and ignoring what was cited to show his party's guilt.
More fun than a barrel of monkeys.........!
No it's not funny to see someone squirm with such dishonesty.
go away the adults are talking you racist
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The buildup to the largest, deepest, widest and most complicated financial meltdown ever was due to far more than the actions of one political party. This was, and remains, a cultural issue, not a political issue, regardless of how much fun it is to point fingers at "the other guys".
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refute any of these facts gilligan
Isn't it entertaining to watch little truthmatters go ballistic when Democrats are revealed as the perpetrators behind the 2008 financial crisis? He's spewing dozens of posts, not waiting for replies, calling everyone names, changing the subject, and ignoring what was cited to show his party's guilt.
More fun than a barrel of monkeys.........!
No it's not funny to see someone squirm with such dishonesty.
refute any of these facts gilligan
No it's not funny to see someone squirm with such dishonesty.
refute any of these facts gilligan
I would present evidence; however, when I do you will just shake it off, ignore it, and say Hes a con. Thats not debate. Thats squirming around and it is neither honest nor fun. No matter what is presented to you, you will just attack the source of the information without touching the information itself. You have shown a pattern of this behavior and I am not interested in working to have an honest conversation only to see you show off your ignorance.
Why did the Bush SEC hold back the Broker rules if not for why I say they did?
It is undenieable fact they did it.
What was the reasoning then?
give us the reason they did it if its different from what I say?
come on all you self professed experts?
GIVE an answer
That's the usual dodge thrown up by Democrats after it's been demonstrated that they blew it, and got caught.
But in fact, as extensive videos and references show, It was Democrats who were almost exclusively behind efforts to expand the number of mortgage loans to people who were considered risky borrowers, and drive the program nationwide to get votes; and throttle Republican attempts to sound alarms, regulate the process, etc.
I'm not a Democrat, but I am a financial advisor, CFP ChFC CLU 7/65.
Yours is a shallow, simplistic, transparently partisan argument.
Have fun with it.
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Interestingly, you do not refute its accuracy.
Yes, it was Bush's main 2004 campaign theme.What's with these ridiculous talking points? Do you think that the (racist) GOP was behind this push to increase minority home ownership?
By the beginning of 2008, Fannie Mae and Freddie Mac had bought up over $4 trillion in mortgages, roughly one-quarter of which was risky sub-prime mortgage paper. With interest rates rising, these rickety homeowners started defaulting on their loans. Only about 2% of them defaulted by January 2008, but the effect was disastrous. Banks began to get leery of lending money to each other, knowing that their fellow banks held substantial assets that might default and become worthless, thus making the banks unable to pay back their loans to each other.
