I’m going to first start off by replying to “drift rider” on page 3, post #30.…
The answer to your first question is simple, it’s called DEREGULATION….. I’d hope you know the definition to that word, if not let me know. Deregulation played a major role in collapse of this economy, the federal government ( for 5 years the republicans controlled congress ) gave absolutely no oversight whatsoever of major housing and banking companies…. These companies then handed out bad loans to people who couldn’t afford it ( the people were dumb too ). Who’s fault was it? Bush and his dumbass neo cons and congress. The provided no oversight and they screwed them selves, and look who’s paying for it now, us.
Kaibab I will postthe video againforyou again. After viewing this video no thinking human with the IQ ofa pet rock can deny it was the democrates that stopped REGULATION of the morgage industry. You are in complete denial of this clear fact. The democrates blocked the vote to REGULATE the morgage industry 4 years agoPERIOD.The video also shows Repulican Shay predicting the system failure and the taxpayer bailout 4 years ago if regulation were not passed. I am providing factsthat cannot be disputed in this video.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
By the way the your attempt to back the Facist statement is weak at best. I doubt anyone on this forum is buying your position but you.