Phil Gramm caused the Housing Crash

[sealybobo]

Who's to blame for the biggest financial catastrophe of our time? There are plenty of culprits, but one candidate for lead perp is former Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America? Hardly. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure.



Foreclosure Phil

 

[sealybobo]

I thought Allie and Dive boy wanted to talk about the issues. Isn't the housing crash an actual issue? They don't want to talk about issues. LOL.

 

[dilloduck]

I thought Allie and Dive boy wanted to talk about the issues. Isn't the housing crash an actual issue? They don't want to talk about issues. LOL.

I think you just have bad breath, dude. Grab ya a mint.

 

[AllieBaba]

Motherjones news? Are you serious?

 

[Chris]

Motherjones news? Are you serious?

Yes, he is serious.

The same thing happened in the 1980's with the savings and loan collapse. A Republican administration deregulates the industry which then leads to abuse and collapse.

Who makes all the money? The Republicans on Wallstreet.

Who picks up the tab? The U.S. taxpaper.

How convienent!

 

[Article 15]

Dude's a prick too ...

"If you're sitting here today, you're not economically illiterate and you're not a whiner, so I'm not worried about who you're going to vote for,'' Gramm said.

Political Punch

 

[Zoomie1980]

Yes, he is serious.

The same thing happened in the 1980's with the savings and loan collapse. A Republican administration deregulates the industry which then leads to abuse and collapse.

Who makes all the money? The Republicans on Wallstreet.

Who picks up the tab? The U.S. taxpaper.

How convienent!

Actually the majority of Wall street brokers and investment bankers are registered Democrats....