Love the Financial Crisis ? Thank a democrat.
Now, i’m not here to blame the financial crisis soley on the democrats, GW and many GOP officeholders were enablers at least; but these articles show that Clinton, Carter and the good intentions of liberal’s desire to give housing to those who wouldn’t be able to qualify normally has the country in the mess it’s in today.
Yes, greedy desires of bankers, investors and individuals that used their refi’s like ATMs spurred it on, but without democrats loosening the rope; many companies would not be hanging themselves nor their employees today.
I’m putting this up mainly for objective and conservative readers that dont know these facts to know how it started.
Read them if you wish(from Investor’s Business Daily):
Congress Pushed Fannie, Freddie In Wrong Direction During 1990shttp://www.ibdeditorials.com/IBDArticles.aspx?id=307241242284619
How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitablehttp://www.ibdeditorials.com/I…307149667289804
‘Crony’ Capitalism Is Root Cause Of Fannie And Freddie Troubleshttp://www.ibdeditorials.com/I…306978378974502