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

To: i-node who wrote (704404)3/15/2013 1:19:01 PM
From: bentway2 Recommendations  Read Replies (6) | Respond to of 1579035
 
We've explained it to you over and over, Dave. You just refuse to accept it.

Bush encouraged low income loans, while removing regulation from all banking sectors:

youtube.com

Telling the greedheads to go wild. What could go wrong? Everyone KNOWS markets regulate themselves!

The unregulated lenders made no down payment, stated income, no doc loans to anyone with a pulse, while the unregulated bankers above them packaged those stinky, rotten mortgages into Mortgage Backed Securities that they sold around the world, while lying about the rotten mortgages hidden within them. Safe as houses!



To: i-node who wrote (704404)3/15/2013 2:03:19 PM
From: tejek  Read Replies (2) | Respond to of 1579035
 
> Yes, that was before Bush wrecked the economy.

And five years later you have yet to explain how "Bush wrecked the economy".

There are any number of people who have tried to explain it to you. The media has explained it. Economists have explained it. You don't want to hear it because it doesn't fit your perception of the world and your understanding of how economics work.


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