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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (121230)	9/19/2012 10:53:47 PM
From: tejek	Read Replies (2) \| Respond to of 149317

He lowered rates and kept them there too long while RE bubbled. Bush and Congress loved it. Jim, that's BS and you know it. If I leave $20 on my desk and my neighbor sees it and then steal its, was I the enabler? Of course not. My neighbor was the crook. It wasn't low interest rates that led to the housing bubble..........but rather corrupted bankers, loan officers, appraisers, RE agents and wall street types who knew there was no oversight so it became a free for all......do as you please. What they did was completely dishonest and they are lucky there were so many of them and that the economy was in deep sht at the time. Otherwise, they should have been taken to court and hung. Greenspan was not the problem but rather GW and his cronies..*