Posted by metal on September 16, 2011, 10:23 pm, in reply to "Re: all"
As a "historian" you are dead wrong. The housing bubble started with a Clinton program to ease credit requirements to make it easier for low income people to buy a home. Bankers started applying the same standards to everyone and started making mortgages to anyone without regard for their ability to repay. The result was a huge supply of toxic debt that every bank was trying to pass off which in turn resulted in the banking crisis. But, the true reality is that the legislation started with Jimmy Carter and was just given new life with the Clinton admin. and soared to new heights that resulted in unspeakable lows.....
on September 16, 2011, 10:23 pm, in reply to "