Democrats vs Republicans, McCain vs Obama: Who is to Blame for the Failed Bail Out Bill

[yakyakyak69]

This was the fault of the Republicrats who pushed for allowing anyone who could fog a mirror could get a home loan even if they had bad credit and no job causing speculation and the housing bubble.

Using tax dollars to keep the bubble inflated will only lead to a LARGER collapse later because then the FIAT US $ Dollar (which is the global) currency will then ALSO collapse!

Real estate AND the stock market MUST come down to their TRUE value NOW because later will be MUCH worse!

[lordofpokemon1212]

Although I agree with both your later points, I disagree with your first point.

Democrats are the ones who wanted easy credit. Dems were in the drivers seat both at Fanny Mae and in policy making positions. Republicans including McCain called for reforms like two years ago and at that time Barney Frank denied the existence of a problem.