Posted on 10/30/2014 2:57:56 PM PDT by Sean_Anthony
Republicans are the adults in Congress while the Democrats, liberal to the core, will never admit we are being set up for another financial crisis
It is a cliché, but true, that history repeats itself. This is largely due to the failure of each new generation to learn anything from the past as well as the human tendency toward the bad habits of greed and power-seeking. Only the names and faces change.
That is why the next financial crisis is entirely predictable.
On October 23, The Wall Street Journal had an article, “Relaxed Mortgage-Lending Rules Clear Final Hurdle.” The financial crisis in 2008 was the direct result of relaxed mortgage-lending rules. Indeed, it was the result of government pressure on banks to make “sub-prime” loans to people who any bank might sensibly conclude could not replay them. Those loans, in turn, were sold to Fannie Mae and Freddie Mac, two government-sponsored enterprises, who then bundled and sold them as mortgage-backed assets.
(Excerpt) Read more at canadafreepress.com ...
The core engine of our economy, manufacturing, has been gutted for about 40 years.
The Gelded Old Pansies are no better than the ‘Rats.
If the GOP takes over Congress, QE will be stopped cold, the still broken economy will crash, and the MSM will see to it that GOP gets the blame.
I think we have a winner for post of the night. These are my thoughts exactly. After all, it's still Bush's mess.
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