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But…the GUBMINT shouldn’t interfere with the fREe mArkEt eCoNomY
So it wasn't Bush's RHETORIC that crashed the economy, but Bush's POLICIES.Skans » Today, 6:38 am » wrote: ↑ No. I just know WTF I'm talking about. I know exactly what the policies were and what was going on in the early 2000's, and who made it possible.
- Bush spoke of Downpayment Assistance - I'm familiar with those programs. They had nothing to do with the crash.
- Bush spoke about programs for "minorities" to get them into houses - Most of these were through HUD Rural Development loans, which remained in-house.
- Bush talked about Freddie and Fanny making more loans. But, they didn't actually make more loans to minorities. What they did was make loans to speculative investors buying 3-5 houses to "rent" in new developments. That is what caused the crash.
Wow. Who would ever have thought of that? Thanks so much for that brilliant confession.
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"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?