Quote:
Originally Posted by scottw
just caught my eye.....and I was trying to recall what exactly Bush did to "start the Great Recession" thing ? 
quite an epic mess the next President will be inheriting from Obama...  |
Oh for Christ's sake, did he really say that "Bush" started it?
Spence, in your own words, please expand. Bush forced people to take out reckless mortgages??
The repeal of Glass Seagell (spelling), I think, is what allowed banks to get in the business of swapping these fishy mortgages, derivitives, and credit default swaps and collaterized debt obligations (only Stephen Hawking understands these things). A Republican Congress repealed the restrictions that allowed banks to get into these risky businesses, and Bill Clinton took his wang out of the intern pool just long enough to sign that into law. If that is somehow Bush's fault, I would just love an explanation as to how.
Bush single-handedly caused the 2008 crisis.
What did Bush do Spence, to cause this?
And you work in business in some capacity?