My motto is "any government solution to a problem is usually worse than the problem". I do not buy into class warfare, the racism boogeyman, or any other attempt to keep Americans split up into voting blocks. Blaming poor people would not work for me because I am one.
This whole mess was started when the government got involved with Fannie and Freddie giving out bad risk loans under Clinton. Bush was too inept to stop it and Obama will not admit it was a bad idea.
Obviously Freddie giving out bad risk loans was a bad idea, but keep it in proportion. Most bad loans were not to poor people but rich and middle class.
Real Estate was extremely over-leveraged, as regulation of banks stopped thanks to Phil Graham, Bush, Bush Jr, Reagan and Clinton and others who were paid off. Poor people don't get leverage. Stop blaming one little program that tried to help them. Money crisises are made by people who HAVE money. Not those who don't.
My motto is "any government solution to a problem is usually worse than the problem". I do not buy into class warfare, the racism boogeyman, or any other attempt to keep Americans split up into voting blocks. Blaming poor people would not work for me because I am one.
bertly71 2 years ago
This whole mess was started when the government got involved with Fannie and Freddie giving out bad risk loans under Clinton. Bush was too inept to stop it and Obama will not admit it was a bad idea.
bertly71 2 years ago
Obviously Freddie giving out bad risk loans was a bad idea, but keep it in proportion. Most bad loans were not to poor people but rich and middle class.
Real Estate was extremely over-leveraged, as regulation of banks stopped thanks to Phil Graham, Bush, Bush Jr, Reagan and Clinton and others who were paid off. Poor people don't get leverage. Stop blaming one little program that tried to help them. Money crisises are made by people who HAVE money. Not those who don't.
auditthepolls 2 years ago
"Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself." Mark Twain
sixletter 2 years ago 3