Liberal Forum

ConservativeWave » 20 Jan 2026, 12:42 pm » wrote: ↑

20 Jan 2026, 12:42 pm

YOU are ABSOLUTELY CORRECT... Bill Clinton in 1999:

• Repealed the Glass-Steagall Act in 1999, which separated commercial and investment banking.
• Encouraged subprime lending practices through policies promoting home ownership.
• Supported the expansion of Fannie Mae and Freddie Mac, increasing risky mortgage lending.
• Advocated for deregulation in the financial sector, allowing higher risk-taking by banks.
• Promoted the use of mortgage-backed securities, which obscured the risks involved.
• Oversaw a housing bubble fueled by easy credit and speculative investments.

Then, it went on for 10 years, and when TOO MANY people who could NOT afford houses, bought them (in 2008-ish)... They were foreclosed on, had to sell, or give the properties BACK to the banks, and property prices TANKED... THAT went on until the Clinton EXCESSES worked their way thryu the real estate market (2012-ish)... and MILLIONS of people LOST their shirts !!

IT WAS Bill Clinton's DOING !!