Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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Fanny and Freddie didn't cause the recession, the big banks did.
They were a huge part of it. Lowering loan standards was the thing that got the ball rolling. If left alone by government, and banks be allowed to have their own loan standards, the bubble and bust would have never happened. I'd post the videos again, but it's a waste of time trying to teach people who don't want to learn anything.
And turns out I was right. Here's the recession, baby. TRUMP RECESSION.
Here's an article from 2019 where they predicted a recession.
Ah yes, the famously left-wing NYT. Gee, isn't that were that economic hack Paul Krugman works? You know, that guy that was talking about a recession because of Trump before he even took office?