Bill Clinton on Democrats and the financial crisis

thats right commys its your faaults

In a press release during 1998 Andrew Cuomo admitted that the Governments (Clinton is President) push on banks to give bad loans would probably result in defaults. OBAMA HELPED ACORN BRING A LAWSUIT to court in IL THAT FORCED BANKS TO GIVE MORE BAD LOANS. This guy is part of the reason we are in this financial crisis in the first place. Why would I vote for his solution?
McCain/Palin 08

Not that it matters anymore, but you're referring to a civil rights case where Cuomo charged AccuBanc (a mortgage company, not a bank) with racial discrimination under the Human Rights Act. (Black, white, and hispanic undercover agents with identical credit ratings went in to ask for mortgage loans.) AccuBanc agreed to make 2.1 billion in loans to minorities in lieu of paying damages under the Civil Rights violation. Different thing entirely.

Oh, Christ. The Dems have the MAJORITY now, and can barely get anything past the obstructist Repubs! If something was deregulated, it was with the backing of the Repubs. If something wasn't regulated, it was with the backing of the Repubs.

Look, the Dems wanted this because it would help low-income people. The Repubs wanted this because it created a new financial frontier worth trillions for the wealthy elite to trade in and applealed to their free-market fundamentalism.

so both are equally wrong

Do you believe in reward for effort and achievement? Probably not, everyone who uses the term free-market fundamentalism in your context is usually a non-achiever who doesn't understand why their boss is paid more then they are. They whine about assignments and usually fail at tough goals or they wait tables (into middle-age). That is their right, but they shouldn't have the same rewards and progressive opportunities as those who work harder and smarter.

kris....so now...because the Dems wanted this for the low income people....we are ALL becoming "low income"

BRILLIANT!!!!!!!!!!!!!!!! *eyeroll*

Interestingly, Barney Frank basically is saying that anyone that suggests that the subprime mortgage crisis was caused by making subprime loans...is a "racist". WTF?!? He should be flogged for his nonsense. Of course, he and his Fannie Mae executive boyfriend might be into that sort of thing. But Frank is indicative of what caused this...worship of political correctness where you can't even identify the problem. Which was, given poor people big house loans they'd never pay. Sick!

On the other hand, listen what the liar, Barney Frank has to say.

I agree! Bill has earned more respect here by telling the truth. And he has been doing it a lot lately, to the dismay of quite a few democrats.