I couldn't care less about party they both screwed up repeatedly.
HyogaRott Send a noteboard - 28/12/2012 04:50:25 PM
Both are at fault (though at least Bush 2 wanted to have an independant audit of F&F). Both tried to gain goodwill by touting housing numbers. Both overused government regulation to try and perform social engineering.
Community Reinvestment Act formally linked to the Sub-Prime/Mortgage Crisis - 
- 22/12/2012 09:01:56 PM
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- 22/12/2012 09:01:56 PM
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Did you see the part of the graph where higher debt leveled off in '98 and stayed there 2 years?
- 23/12/2012 04:13:01 AM
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Oh yeah, one of Bill Clinton's last acts as President
- 23/12/2012 02:47:23 PM
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... was signing a bill authored by three Republicans and passed with only ONE Dem Senators vote.
- 23/12/2012 11:37:10 PM
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Nice try - the repeal was all Clinton and Rubin.....buck stops with the leader.
- 24/12/2012 03:44:53 AM
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So the three Republicans who WROTE the bill are blameless; the guy who signed it is at fault.
- 24/12/2012 05:33:21 AM
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"Before you laugh too hard".....
- 24/12/2012 11:32:45 PM
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Also, did you just paraphrase Bill Clintons argument for Robamacare?! 
- 25/12/2012 03:36:37 AM
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- 25/12/2012 03:36:37 AM
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I've been trying to explain this to people for years.
- 26/12/2012 02:54:04 PM
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You and most of the GOP, but the facts do not support that narrative.
- 26/12/2012 05:54:28 PM
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Glass-Stegal was not repealed in a vacuum. There were many other regulatory changes
- 26/12/2012 07:40:45 PM
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I know the narrative; the facts still do not support it.
- 26/12/2012 08:43:25 PM
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Only when you ignore half of them.
- 27/12/2012 03:33:53 PM
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The entire "logic" ignores the most salient fact in the whole discussion.
- 28/12/2012 02:34:12 PM
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Your focus on that bill is the error.
- 28/12/2012 04:47:03 PM
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Any stats showing a disproportionate number of Fannie/Freddie defaults were by minorities?
- 28/12/2012 05:50:01 PM
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It has got NOTHING to do with skin color, the only color that should matter in banking is green.
- 28/12/2012 09:36:34 PM
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It should not, no, but the GOP dog whistles demonstrate it does.
- 28/12/2012 10:49:34 PM
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Get over YOUR perception that I give a damn about anyone's genetic background. I don't.
- 29/12/2012 04:18:22 PM
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Your incredible knowledge on this would fill a thimble. There were MULTIPLE issues>
- 28/12/2012 09:50:17 PM
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I love that part, too: "What Carter did in the '70s caused the subprime mortgage crisis in 2005."
- 28/12/2012 10:32:17 PM
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The policy began in the 70s, was MASIVELY expanded in the 90s, and blew up in the 00s.
- 29/12/2012 04:43:26 PM
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CRA was a disaster for the nation.....go ahead, you can admit it.
- 26/12/2012 08:32:33 PM
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The facts are in the graph in the article, and do not support that narrative.
- 26/12/2012 08:44:23 PM
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The facts support it perfectly. You vs. reality is the problem here. *NM*
- 26/12/2012 09:51:45 PM
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It is a pure causation line, get over it.
- 27/12/2012 03:35:19 PM
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Our Second Amendment discussions disqualify you as an authority on causality.
- 28/12/2012 02:58:04 PM
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I couldn't care less about party they both screwed up repeatedly.
- 28/12/2012 04:50:25 PM
115 Views
Then why do you insist on blaming Barney Frank exclusively?
- 28/12/2012 05:54:48 PM
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Because he is the person most responsible for forcing banks to lower lending standards. *NM*
- 28/12/2012 06:49:28 PM
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No he is not. It began in the 90s, well before he became chairman of the house commitee. *NM*
- 28/12/2012 09:57:02 PM
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Right, a guy who was only part of the House majority for two years did it all.
- 28/12/2012 11:03:08 PM
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I blame Barny for the under colateralization of F&F that he allowed and blocking the audit.
- 28/12/2012 09:54:27 PM
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Even were the charge valid (it is not,) if you believe it the crisis' main cause naught can help you
- 28/12/2012 11:00:14 PM
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The debate on comparative financial policies of the parties belongs elsewhere. lets keep on point.
- 29/12/2012 04:15:13 PM
132 Views