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  • vertrosaht vertrosaht Jul 13, 2011 1:33 PM Flag

    Clinton caused the housing collpase

    The meltdown in 2008 had nothing to do with Bush's policies. The Bush tax cuts or the wars did not cause the housing buuble. It was Bush and the Republicans that tried to reign in Fannie and Freddie. In fact when the proposed bill came out of the committee to reign in fan fred and HUD, it was a straight party vote. The event that caused the mortgage collapse was a CREDIT event-fostered solely by democrats who allowed sub prime loans to be made. Half of all mortages in 2006 were subprime-Clinton started this problem with the passage of the Community reinvestment act....In fact the whole prob with fan fred and hud was a massive conspiracy against the taxpayers who subsidized loans to subprime borrowers (who never should have qualified) and in turn for the votes in Democrat controlled Congress to effecuate this, the dems would get kickbacks from fan and fred....The media through their lies blame Bush..IT was Clinton and the dems who were solely at fault-The media yids are trying to blame Bush..He attempted to stop it to no avail.It just shows you how evil the lib controlled media is...

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    • the reason the money center banks were buying subprime loand was because they knew that fan and fred would backstop them if something went wrong. Take away that Ins policy and no bank would have ever taken that risk. The democratic party today is a communist party....that is all it is..PERIOD> Just look at who votes democrat..ghetto welfare recipents....that have never worked and never want to work...and most media people whose ancestors came from Czarist Russia...Communists

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