Quote:
Originally Posted by kane
I never said Clinton shared no blame in this. I was simply clarifying that Clinton didn't create the program that forced mortgage lenders to give mortgages to underqualified buyers. The actual program that put these subprime mortgages in play and got lower income people buying houses started in the 70's then increased some in the 80's. Clinton then made it even easier to give these loans out. Add in a little deregulation that can turn those mortgages into a product that can be bought and sold on the open market and you have a recipe for disaster.
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It's the Governments job to regulate these gamblers. Not hand them the tools to bankrupt us. The problem is the money they donate and the need for some sort of industry to keep GDP and the economy from tanking.
Nice to see you agree with me that it was Clinton's fault.
Now let's discuss his other big fuck up. The Trade Deals that signed away the jobs of those workers who he gave mortgages to.