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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (1072335)6/6/2018 1:43:15 PM
From: zzpat  Read Replies (1) of 1574524
 
  • Nothing passed by President Clinton forced banks to write bad loans and then turn those bad loans into bad investments that they sold around the world.
  • Nothing President Clinton did forced S&P to give these bad investments AAA ratings.
  • Nothing President Clinton did forced bank regulators to lose control over the banks they were regulating and not knowing anything about these new instruments they were creating (fake investments).
  • Nothing President Clinton did forced bank CEOs to lie to investors, the public, the world and themselves.
But most of all, if President Clinton did something wrong then every bank in the country would have been "forced by President Clinton years after he left office) to write bad loans AND that didn't happen.

What did happen? I'd suggest the most obvious of reasons. Americans voted for a man who lied about WMDs which gave CEOs a green light to lie about their ability to handle record foreclosures.

Americans made the same mistake when they voted for Trump.
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