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

To: koan who wrote (147922)	12/21/2014 3:43:53 PM
From: tejek	Read Replies (1) \| Respond to of 149319

<<BS. Lending requirements are more conservative under Obama than Bush. There are no more 'funny mortgages'. In fact lending is anemic compared to the Bush years.>> YES!, and it is killing the middle class!! That is NOT where the problem lies. The problem lies with the estimated 700 trillion in the dark derivative markets of the world. That is what caused 08. The derivatives became a problem because of the lax banking standards under Bush which led to the creation of lots of bad loans. Wall St. used derivatives to hide those bad loans. There are far few bad loans these days. A good thing. And pray tell.........how are conservative lending practices killing the middle class?