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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (460667)3/3/2009 2:02:10 PM
From: combjelly  Respond to of 1574261
 
"but that does not absolve anyone else of their share of the burden."

No, it doesn't. I was objecting to the simplistic viewpoint that the CRA and Clinton caused the bubble, while ignoring the fact that most of the problem loans were written during the Bush administration.

A lot of people seem to have forgotten that the problems started when the ARMs started to readjust. That is when real estate started to deflate.