The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Schnullie who wrote (172888)	12/21/2008 1:33:07 PM
From: Skeeter Bug	Read Replies (1) of 306849

>>I don't suppose many people, for or against Bush, would claim that their investing behavior had anything to do with the events of the past 4 years either.<< they would be wrong. it was bush's tax cuts that gave the investor class so friggin' much money that the money literally became stupid money. wall street put this money in manure piles and nobody knew the better as there was sooooooo much investment money. heck, wall street had to create new investments just to try and keep up with all this money FLOODING wall street. there was so much money to invest, nobody could keep track of it! oh, and bush's administration suing new york state to keep them from enforcing an "ability to repay" requirement on mortgages wasn't too bright, now was it? bush is knee deep in this mess was it all bush? no. reagan (appointing greesnpan) and clinton (legalizing gambling via cdses and using greesnpams easy credit to create a bubble and almost balance the budget on its back) played his role, too. bush as victim here isn't gonna fly. it would be hard not to blame that clown enough, imho.

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