Sub-Prime Crisis Analysis on "Left, Right and Center" Pt 1

[narragansettharco]

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[cecilbdml]

Not to mention that FDR didn't save a bloody thing; he had to get all his socialist buddies out of the administration and replace them with 'under-regulated' industrial barons to run the 'arsenal of democracy.' The two things that brought us (finally) out of the GD were the fact we destroyed all other competitors' industrial infrastructure, and Truman dropped taxes and spending to lower deficits.

I'm sure our proud leftist fellow would rather not bring those up...

[tcrow50]

This really stretches the truth and overlooks the most critical information, the banks that were being sued for not giving loans to unqualified (minorities) by Clinton Administration. This started the sub-prime loan crash, and the attorney general stated the govenment knew these loans would have a higher failure rate.