I was reading the paper and found an article that lead me to do some reserach. I'm not sure what exactly all of htis means, but, I did find it interesting. this was 1999 when Bill Clinton was in office.


Agreement Reached on Overhaul of U.S. Financial System

We have discussed this bill many, many times before.

Yes, it was the legislation that is responsible for the significant increase in sub-prime loans, by punishing banks and lenders if they didn't make them. It also securitized them. . .creating this secondary market and the mess we see now.

People here don't like to talk about it, because "It's Bush's fault!" Why? Because apparently trying to stop it wasn't enough. The Repubs should have stopped it.

That argument is about as sound as starting your house on fire and then blaming the fire fighters when it burns down because they only "tried" to stop the fire. This legislation was like pouring gas all over your belongings and lighting the match.

ETA: I forgot to mention, while your house is burning to the ground Sen. Frank is standing in front of it screaming, "There is NO fire here!"

__________________
"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

No that is not my point. So 1999 was the starting point who had control of the government for 6 of the past 8 years? The way you and some other post on this board it is all Democrats and it not.

Why start this mess at all??

Like I said. . .it's the firefighters fault for not putting out the fire.

__________________
"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm