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: James Hutton who wrote (177666)	1/18/2009 12:36:58 AM
From: Skeeter Bug	Read Replies (1) of 306849

>> I'd still like some specifics on exactly what Bill Clinton did (other than sign the CFTC Modernization bill and the repeal of Glass Steagall in 1999/2000)? How did Bill Clinton "fabricate" a new economy or productivity miracle? (Greenspan was always touting the productivity numbers as justification for low interest rates or anything else he was pushing).<< by knowing it was happening and allowing it. in fact, i believe he fully supported it as bubble stock price sales almost allowed him to balance the budget at the expense of the nation's future health. btw, he's still going around lying saying he had a surplus. NOT! his bubble economy almost did it, but not quite. it was clinton's watch, it is his responsibility. btw, i never reagan didn't have any culpability. he did. >>By the way, you couldn't leverage 35-1 until 2004 when the SEC changed the capitalization requirements. He (i.e., the SEC) also changed the definition of capital, so those changes really put the derivatives aspect of today's situation in overdrive. So that wasn't Bill Clinton's fault, unless he was somehow secretly advising Cox.<< i don't believe anyone wanted to leverage 35-1 until after bill clinton's bubble economy was instituted. which goes to the point. the bubble started under clinton's watch and accelerated under bush's watch. "interesting" isn't the word i'd use. "frightening" is more appropriate. this is a sizeable down payment on fiscal armageddon. here's two good listens that explain how we've driven ourselves right up to the edge of the fiscal abyss... Click "Full Episode" link... The Giant Pool of Money thislife.org Another Frightening Show About the Economy thislife.org

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