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To: SaveFerris

“I blame the 2008 crash on George W. Bush.”

As do I. Leaving interest rates as low as they were was ridiculous. Every unqualified buyer that could, was getting a loan and buying a house. Approvals were rubber-stamped. When home prices were rising faster than incomes could support, lenders were allowed to work some truly hocus-pocus k-rap to get people into homes. Home equity was treated like a bank ATM. Mortgages were sliced and diced and sold as “investments”.

Then, folks started missing house payments...

(I will say, while I don’t have a link handy, Bush did write a letter to Congress (?) or the Fed (?) urging the cutback on the current loose situation, as it was heading for trouble. But, he also could’ve done some executive orders to help the situation.)


40 posted on 06/19/2023 6:48:28 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: moovova; gundog

gundog gave us a link above

https://freerepublic.com/focus/news/4161879/posts?page=29#29

That being said, W was pushing open borders, NAFTA, and frankly I never blamed Saddam for 9/11. But I don’t think the government did 9/11 (heh).

(just adding that as a comment)


45 posted on 06/19/2023 7:14:12 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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