To: Reagan Man
I am absolutely baffled by Cox action as SEC Chair. He has done nothing. As a congressman, Cox was very impressiveand has extensive experience with Russia.
I am waiting for any candidate to go after GREENSPAN he is the father of this meltdown and needs to be held accountable.
32 posted on
09/18/2008 10:32:59 AM PDT by
Fred
(The Democrat Party is the Nadir of Nihilism)
To: Fred
I guess Greenspan can be blamed for pushing easy credit and the subprime factor. The Home Ownership and Equity Protection Act Congress passed in 1994 was fairly frivolous legislation. Its been pointed out that Carter started the original program to make loans more available to poor folks. Then in the 1990`s Clinton enlarged that program. It was Franklin Raines as head of Fannie Mae in 2002 who actually pushed through easier loans for low income Americans. Wall St CEO’s are also to blame for pushing bad lending practices.
Its a financial crisis. A credit crunch fiasco brought on by greed. Many people are to blame. A wise conservative once said: Government isn't the answer to our problems. Government is the problem.
49 posted on
09/18/2008 10:54:26 AM PDT by
Reagan Man
(McCain Earned My Vote --- With Palin on the ticket, MOST conservatives should be satisfied.)
To: Fred
I am waiting for any candidate to go after GREENSPAN he is the father of this meltdown and needs to be held accountable.I'm sure Andrea Mitchell is preparing an expose' as we type.
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