Subprime mortgage crisis correlation with Bush administration?

After this speech in 2002 the amount of subprime mortgages went up radically. Report on RTL Z financial news channel. They state the current crisis isn't an accident in the free market, but is the result of planned actions of Washington.

JDN717 send me a message saying: before you start blaming the us mortgage crisis on bush read this article from 1999 http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F95...

Seems this has been going on for longer..

Category:

News & Politics

Tags:

• Subprime
• mortgage
• crisis
• caused
• by
• Bush
• Washington
• finance
• financial
• RTL
• speech

[omegamanxxx]

@youngbono18

Aw look another Ayn Rand disciple. I bet you loved Alan Greenspan and his deregulation agenda. It was Mr. Greenspan and his libertarian agenda that led to the financial collapse more than anyone else. Less than 17% of sub-prime can be correlated to the CRA and those are verifiable facts my friend. Again what does sub-prime and credit default swaps have to do with CRA. Speaking of deregulation, what happened when energy and the airlines were deregulated . Hmm....

[youngbono18]

@omegamanxxx

Oh cry me a river, build me a bridge, and get the FUCK OVER IT!

[omegamanxxx]

@youngbono18

You have no clue do you? What did the CRA have to do with sub-prime mortgages originating from Cali. The CRA had higher lending standards than sub-prime lenders like Ameriquest etc.. Did the CRA twist bankers arms to give zero interest loans, no doc loans, exotic ARMs etc. How about credit default swaps or financial derivatives stamped as triple A credit. Talk about uneducated. The whole financial system was rigged to benefit the few.

[lisabob22]

@youngbono18 the FED said that the CRA had very little to do with the housing bubble. It was mostly caused by private mortgage companies and securitizing loans by Wall Street. The FED said Freddie and Fannie had about 17% of the subprime market. And the over quadrillion $ in derivatives were the real problem and Wall Street did that all by itself. Google" quadrillion dollars in derivatives' to check it out for yourself

[Wavanova]

@youngbono18 LolUtah.

[dalecampbl7]

@youngbono18 yeah justl ike 80% of all college graduate who have a "poli-sci" degree and can't do math, i have a degree in engineering and a law degree from a top 10 law school. but it's okay even if you don't know science or like math, because it's guys like you who will work their way up the govenremnt and then ruin it with lack of insight.

[youngbono18]

@dalecampbl7

oh really? I have a bachelors in political science and currently work for the Governor in Salt Lake City....

Let me guess... your on welfare and have a high school diploma.

I ask again, have you ever read the Community re-investment act?

NO

pathetic,.

[dalecampbl7]

you are a sad waste of biological cells

[youngbono18]

@dalecampbl7

oh really? Im an idiot? clearly you have not done any real research. Have you read the community re-investment act? NO, guarantee you have not.

The democrats are FAR more responsible then the GOP, any idiot with half a brain can figure that you.

Both parties are trash though, thats why I am a proud member of the Libertarian party.

Get an education child.

[dalecampbl7]

@youngbono18 wow, you're an idiot, this was caused by deregulation, both GOP and Dems share the blame, but more on GOP