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


To: tejek who wrote (121253)9/20/2012 12:31:17 AM
From: John Vosilla  Read Replies (3) | Respond to of 149317
 
Jim has implied for years the GOP of the Bush years were just minor participants to the dealings of Greenspan and Clinton.. Yet so much coincidentally happened in those crucial couple of years post 9/11 when the GOP had no opposition. Suddenly RE values started appreciating to the sky as early as 2002 and were readily apparent by the end of 2003 something had changed dramatically. Yeah all you needed was a photo ID and a pen to sign on the dotted line to borrow hundreds of thousands of dollars no questions asked..

Much of it was also due to how greedy and corrupt Wall Street had become.. They needed another gravy train once the dotcom bubble burst and the Bush administration happily obliged as housing and the military were the growth engines that got him narrowly reelected in a lackluster real economy of 2004.

Good news is only four of the twelve left have been there since the GOP controlled everything in 2006. Fisher, Lacker and Plosser still held in high esteem can't figure out why if they missed what was going on.. Longest running is the lady from Cleveland been there since early 2003..well they didn't have a housing bubble in the midwest so she gets a pass from me

federalreserve.gov