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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: d[-_-]b who wrote (138938)9/28/2008 11:46:42 AM
From: Lizzie Tudor  Read Replies (4) of 173976
 
you don't understand the bailout. It is completely centered around DEBT, and an act that was passed by a republican house and senate in 2000 and 2002.

Its not that we had a housing bubble and bust. The issue is that this form of DEBT was created which is highly leveraged and allowed to be swapped.
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