The Democrats are responsible. It’s their fault.
That is what Herbert Hoover said.
The Democrats are responsible. Its their fault.
No. Everyone in a position of financial authority, including policy makers in the District of Corruption is to blame. Somewhere, there was a dramatic change from being risk-averse to unbridled greed-is-good in the minds of Wall Streeters.
You know, it is a good question to investigate. Could the trauma of 9-11 have created a mindset in Wall Streeters that set the stage for making sub-prime mortages, et. al. so attractive. Did this crisis create a more speculative outlook?
I dislike the socialist, big govt., weak kneed democrats as much as the next guy.
But the over leveraging of the US financial system is NOT specifically the fault of the democrats or the republicans. It is the fault of the people of the United States and its business leaders.
Sure. The fine folks at Lehman Brothers were totally innocent pawns in the Democrats plan. Poor babies.