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Politics : View from the Center and Left

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To: JohnM who wrote (229058)	8/9/2013 12:53:37 PM
From: bentway	Read Replies (1) of 542951

"And that, at least my reading at the moment, is largely the fault of the GWB administration." I agree. All the LEGAL underpinnings were there during the Clinton admin, yet no housing bubble occurred, no terrible mortgages were written, because Clinton believed in regulation and had regulators on the job. Bush turned his regulators into facilitators, wheel greasers, since he didn't believe in regulation and like Alan Greenspan, believed that "free markets" can regulate themselves. youtube.com I'm of the opinion that now, the pendulum has swung too far in the opposite direction, and lending standards need to be eased somewhat. Maybe 10% down instead of 20%.

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