- Sep 19, 2011
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George Bush created the largest asset bubble in American.
How?
Watch this
Home Ownership and President Bush - YouTube
He was begged to pressure Greenspan to increase rates before the bubble was too large.
He did the opposite.
He destroyed the country long term.
This is to say nothing of the Patriot Act and Department of Homeland Security, both of which have shredded the constitution and left the USA with a Soviet Style Surveillance State.
George Bush was the worst president in American history by any standard of measurement. He literally ended the American Moment in history.
Bull Shit...
Clinton started the Housing Bubble with FHA DPA, Sub Prime was also under Clinton...
I would not defend Graham over Glass Stegall, bad decision...
Currently US Taxpayers support Zero Down USDA Loans with low MI, bad product...
This is the best article to date on the Mortgage Meltdown, CRA was the seed that started this mentality and by 2008 it had manifested into a disaster after 10 years of madness...
RealClearMarkets - How Did Paul Krugman Get It So Wrong?
This cycle has happened twice in my adult life and it will happen again in the not too distant future...
This time it will be MUCH MORE WORSE.. with the phony stock market being pumped by
The Federal Reserve has injected $2.5 trillion into the U.S. economy since 2008, mainly through these purchases, in an effort to keep interest rates low and spur economic growth.
Fed sets road map for end of stimulus - Jun. 19, 2013
Quantitative Easing Worked For The Weimar Republic For A Little While Too
Quantitative Easing
"The market is backward because bad news is understood to mean that the Federal Reserve will continue pumping money into the economy through its Quantitative Easing program. Good news is bad for the market because it makes people worry that QE3 may come to an end. In simple terms, what matters to the stock market is the easy money from the Fed, not the performance of the companies whose stocks they are buying and selling.
The Stock Market Is Telling Everyone The Fed Has It Wrong - Forbes