Soros Blames 'Super-Bubble' on Reagan

Soros Blames 'Super-Bubble' on Reagan
Billionaire hedge fund manager George Soros says Ronald Reagan is to blame for the credit crisis and that the Bush administration is not doing enough to stop rising foreclosures.

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[the1yage]

Why do you all hate Soros so much? For a ****-eating hedge fund manager, he's done a hell of a lot for oppressed people around the world. If he were just a billionaire stock baron like Steve Schwarzman, you wouldn't give a **** how blind he robbed people. But because he has lived through the holocaust, gained some perspective on the world, and--gasp!--shared it with us, he's the devil. None of you News-Max retards will ever have one-tenth the wealth or one-tenth the sophistication.

[jstwndring]

The 'Super-Bubble' regarding the financial market was actually created by the passage of the Community Reinvestment Act (CRA) authored and signed into legislation in 1992. This act forced GSE's like Fanny and Freddie to lower their lending standards for home mortgages. As a result, people who formerly could not qualify for a home loan could now get one. This inflated the home market, which helped fuel the rapid growth in the lending industry in general. The Dems authored it, they own it.

[theXsynergy]

@the1yage hes arguing for the govt to step in every time there is a dip in the economy. while it is necssary in times like these (to an extent ofc), to do it in times like stagflation would be suicide.

[theXsynergy]

@the1yage its not that hes qualified. we strongly disagree with his viewpoints.

[yourtreat2]

No. The government didn't bailout the bankrupt homeowner, the government bailed out the banks and mortgage companies that were and still are unregulated. --- History shows the interviewer defeated his own argument.

[hyylo]

Soros also made money on 9/11.

[BBCater]

@the1yage Yeah - he "lived" through the Holocaust... and he did so by COOPERATING with the Nazis. And now, you want us to trust him - for our best interests..? Are you LITERALLY that stupid?

[ForzaJersey]

I love how people don't get it, you don't become a billionaire without help from the government. Ever wonder why millionaires are all for competitive free market enterprise but, billionaires tend to favor big government? Its in Soros best interest to keep the current financial structure, he is a government bubble. He is greed personified, Gordon Geiko in real life.

[kmarinas86]

@lorenavedon

"Markets DO correct themselves!"

Nope. The up and down motion of the market is not the market breaking and correcting "by itself". At the core, the swings are driven not by lower markets, but by the Federal Reserve policies, run by private-sector interests of the banking cartel. The down-swing, what people such as yourself assume is the market correcting a bubble, is fueled by credit slowdown. Government is the masquerade for this scam that comes from the PRIVATE SECTOR.

[kmarinas86]

@lorenavedon

"Markets DO correct themselves!"

No they don't. The up and down motion of the market is not the market breaking and correcting "by itself". At the core, the swings are driven not by lower markets, but by the Federal Reserve policies, run by private-sector interests of the banking cartel. The down-swing, what people such as yourself assume is the market correcting a bubble, is fueled by credit slowdown. Government is the masquerade for this scam that comes from the PRIVATE SECTOR.

[kmarinas86]

@sassygirl345

"now cell phones, tvs,ipods, thats a free market"

These are from Asia and other countries whose governments are more authoritarian. cell phones + tvs + ipods = cheap labor

cheap labor = obedience to your master

Also realize that:

cheap labor = government surplus

expensive labor (Americans, especially in Democrat-controlled states) = government deficit