Yep. the democRATS set the banking system up, pumped the bubble with pressure from the Community Reinvestment Act and Fair Lending, and pulled the rug out from under it. A half a trillion pulled out of the banking system in New York IN ONE DAY IN SEPTEMBER 2008 before the election, and you have a liquidity crisis that exacerbates the mortgage meltdown. International accounting standards and key changes to law and regulation for mark-to-market on securities investments and eliminating the uptick rule on short sales, and, wala, a market meltdown of epic proportions. Do I think the Democrats and Soros had something to do with this? You had better believe it!
And it hasn’t stopped. Now they want to apply Basel III international capital standards to community banks. I would call it a “VAST LEFT-WING CONSPIRACY”. The Clintons, Soros and Obama should be in jail, not influencing US presidential elections.
By the way, I have had too much to drink. I cannot watch a Democratic Convention without dulling my senses.
You nailed it! It was the DemonRAT’s October Surprise, orchestrated by the DemonRAT’s control of both houses of Congress.
Why would such a economic disaster happen just before the election? They planned it and had the trigger to set it off with the New York withdrawal from the banks in September.
The reason they blame their current economic depression on Bush is that it was the purpose of the plan.