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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (37375)	8/30/2011 10:06:24 PM
From: John Vosilla	2 Recommendations Read Replies (2) \| Respond to of 119360

'If you think of this graph as the level playing field, notice how flat it was before Bill Clinton repealed Glass-Steagall, then notice how steep it has become. Those subprime loans amount to nothing more than an organized ripoff of millions of innocent Americans, with the steepness of the graph illustrating the how far the playing field has tilted.' It really went parabolic starting in 2003 though.. I guess the GOP lead congress from 1995-2006 had only a minor role? I would say Carter's CRA of 1978 was the ultimate game changer..lol Ironic how the only TWO times the GOP controlled EVERYTHING for a sustained period of time lead to our two biggest financial crisis and deepest economic downturns in a century..