How about this? We just agree that EVERY sorry SOB that's been in DC for the last 10 years is responsible, regardless of party affiliation? Then we agree to vote all 535 of them out at the earliest opportunity, and possibly get back to some citizen legislators as the Founding Fathers envisioned?
Republicans share a substantial part of the blame. But it's still a Leftest Mess. There hasn't been a true Libertarian leaning President since..., well, even Reagan couldn't contain Congressional Spending and caved on immigration.
We get the opportunity to do that every two years. Six years max and we could have a complete turnover. But it never happens and I don't see how it could, barring mass resignation. And if we did turn them over, then the Hill would be alive with the former congressmen working as lobbyists for special interests. There is no pesticide to rid us of influential politicians, I fear.
FBI saw threat of mortgage crisis A top official warned of widening loan fraud in 2004, but the agency focused its resources elsewhere.
That's a weak response designed only to muddy the waters. Basically, you're saying that Bush's people were preoccupied with saving us from terrorists who had already demonstrated their ability to harm us and neglected to keep an an eye on greedy bankers who were reaping profits from the Democrats' Fannie/Freddie debacle. It's not a chicken and egg situation. We know which came first.
You are so mean. I think I'm gonna cry. No, what you're saying is that you want to blame the mortgage crisis on Clinton for promoting Fannie Mae loans to low-income home buyers. Only that didn't spur the crisis. What I'm saying is this . . . What spurred the crisis was the 2004 Bush deregulation of mortgage lending so that bankers were not required to exercise proper prudence in the competition for business. They colluded with the real estate industry to artificially inflate the value of property to encourage more sub-prime borrowing and justify unrealistic profit expectations. Speculative borrowing by affluent people with money, not just the disadvantaged, low-income people targeted by Fannie Mae.
That's absurd. What spurred the crisis was Clinton's Uncle Sam bending Fannie's arms to buy up these junk loans. And rational capitalist banker's put the blinder's on and closed loans willy-nilly knowing that they could unload them while raking in closing revenue.
