The point of socialism is not to improve the citizen’s situation. It is to enslave him.
He partially gets it. He wrote “...subprime problems were caused by overly loose monetary policy between 2001 and 2006”
He ignores the far bigger factor that the Community Reinvestment Act MANDATED that lenders loan to unqualified borrowers so everybody could get into a house. It lead to the totally predictable “subprime” mortgage collapse.
It’s the same bad intentions of the damned government that everybody must go to college leaving us with trillions of dollars of bad debt.
Eugene V. Debs
https://en.wikipedia.org/wiki/Eugene_V._Debs
Eugene Victor Debs (November 5, 1855 – October 20, 1926) was an American socialist, political activist, trade unionist, one of the founding members of the Industrial Workers of the World (IWW), and five-time candidate of the Socialist Party of America for President of the United States. Through his presidential candidacies as well as his work with labor movements, Debs eventually became one of the best-known socialists living in the United States.
Always an anti-American loser.