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


To: tejek who wrote (813278)10/25/2014 7:06:11 PM
From: i-node1 Recommendation

Recommended By
FJB

  Read Replies (2) | Respond to of 1583867
 
>> Are you not trying to blame the Dems for Bush's economic disaster?

The cause of the recession is well documented and was a direct result of Democrat policy, particularly during the early Clinton years, with respect to home ownership, which reduced lending standards and encouraged lenders to advance money to people who had no shot at repaying the loans.

Meanwhile, the head of FNMA, a liberal Democrat with lots of political pull, set FNMA up for failure.

When you lend money to people with no down payment you're going to get slammed with foreclosures. We've known that forever. Clinton should have known better.