Again it was both parties covering their crooked bankers asses and it did not stop there they have just kept sucking every penny they could find out of the public coffers.
dimocrap scum started it.
The CRA (a well-intentioned program from The Peanut) was used by ACORN in a lawsuit with the Lying ********** as one of their lead Attorneys got a verdict against CitiBank that got the ball rolling.
Bankers started applying the CRA rules to EVERY mortgage applicant. Fannie Mae and Freddie Mac lied about the SHIT Mortgages they were buying. The Bond Markets crashed bringing down teh Stock markets.
Complicated and I'm not in the mood to explain Relativity to special needs dimocrap scum.
But Bush did ***** out. He knew the whole thing was gonna come crashing down. He went to Congress but got pushback from the Black RACISTS in Congress and he layed down. And wussed out, just like his daddy and his 'Read my Lips' bullshit.
So yeah, Republicans deserve criticism for allowing it to happen. But they didn't know how BAD it was going to be. They knew it was gonna happen, but they underestimated the severity of it
But dimocrap scum didn't allow it -- They started it and pushed it.
Republicans left the front door unlocked but dimocrap scum walked in and stole everything that wasn't tied down and sold it to their Fences, the dishonest, scumbag Bankers
Franklin Raines and the criminal Jamie Gorelick (of the 9/11 'Wall' Fame)
You find a pile of shit in this Country and look under it. A dimocrap will be there.
Every time