27 Mar 2013 10:39 pm
I had a huge problem with the Democrat-caused S&L crisis, and I never supported Clinton bailing out LTCM, which caused literal depressions in a number of countries. The "Democrat-caused" S&L crisis? Actually, both Democrats and Republicans supported deregulation of the S&L's in the 1980s, including your god Reagan, and when it was apparent they were going to be insolvent, Bush organized the RTC to purchase all the toxic assets. Yes, the Democrat-caused S&L crisis, which wasn't caused by deregulation, but by regulation and Carter's inflation. Try not to be so stupid and ignorant. Oh, sorry, that's your nature. Bailing out LTCM was not just Clinton's decision - it was also made by Greenspan and the Republican House (all of whom went along with it). Clearly when your rich butt buddies are in trouble after performing anal or getting sodomized by a big c0ck while their ASSets drop like a house of cards, you have no problem going along with the bailout. In fact, the House refused to approve what Clinton did, so he arguably illegally used a fund meant to stabilize the dollar, with which he funded the IMF, to apply its poisonous policies. Greenspan essentially worked for Clinton and had little autonomy on his own, particularly in regard to a foreign matter, moonbat. Same with the 2008 bailout (which you conveniently ignored). Again, it was Democrats who were most enthusiastic about TARP, other than Bush, who was getting horrific advice by that time. Repubs were reluctant to support it, if not opposed. Try to get your basic facts right at least once in a while.