you are viewing a single comment's thread.
How could 90% banks have failed? It is because the stupid Bush forced them to lend to support his stupid concept of American homeownership on irresponsible borrowed money.
Hahaha - now I have heard it all. I guess up is down, and down is up. That notion that homeownership should be expanded is a direct outgrowth of the Community Reinvestment Act legislation pushed by Democrats in the late 70s.Blaming that on Bush is ignorance of history (at best).
But dems have never pushed the way as Bush did with Greenspa and Bernanke! Under Clinton, this was NOT a problem!
And they were allow to leverage all they wanted.
It was demoracts along with Retarded Obama and Retarded Bush who pushed C to loan out to the illegals.
Yes, it is the fault of the government and C holders have to right to sue the government. US has only one government, right?