Fannie Mae & Freddie Mac

Seriously, you are talking to folks that just can not understand how the market worked at the time and how the derivative market amp'ed everything up beyond anything possible before.

It took all the risk out of selling these products. Once the lenders figured out how to lend without any risk(precieved) to them, game over. This happened under Bush's watch.

Here is Bush in 2002....Boy , not like those goals would not cause a housing bubble Originally Posted by WTF

Not only are you incorrigibly ignorant, you are obstinate. Even in the face of overwhelming evidence, you still say it’s Bush’s fault. Haven’t you learned that merely stating something does not make it true? In fact, in your case, it’s synonymous with “being wrong.” Did you not go to and watch the Frontline report on Brooksley Born? Rubin, Summers and Born didn’t work for Bush; they all worked for Clinton. Dodd, Conrad, Schumer and Franks aren’t Bush supporters; they are all Dimocraps. Finally, two of the biggest perpetrators, James A. Johnson and Angelo Mozilo, are/were Dimocrap cronies.

I understand the difference between bs and facts. Something you have not been blessed with.

Also I would love to stand toe to toe and have you call me ignorant. That would be a fun conversation.

I understand the difference between bs and facts. Originally Posted by WTF

That's not a "fact" you have demonstrated in your numerous posts.

Also I would love to stand toe to toe and have you call me ignorant. That would be a fun conversation. Originally Posted by WTF

That's not a "fact" you have demonstrated in your numerous posts.

Originally Posted by I B Hankering

I have agreed with anyone who said that the financial institutions have been the death of this country. It started when we went off the gold standard and both parties are to blame. Do you understand that I said both parties. But when some just looks at a snap shot and not the whole picture then I take exception. Bush was at their mercy just like all the Presidents before and after have been. You have to be able to go back and look at the history and context of things. You seem to be so bitter and partisan as to not be able to do that.

WTF, I think you're on to something.