- Joined
- Jul 1, 2011
- Messages
- 67,218
- Reaction score
- 28,530
- Location
- Lower Hudson Valley, NY
- Gender
- Male
- Political Leaning
- Independent
If your argument was any good, you would not have to make an absurd analogy with a TV set. Government created the bubble. Everyone tried to make money off it, including a lot of folks who bought, but then did not sell soon enough. They could have rented instead. Regardless of derivatives, the bubble had to pop. That's why they call it a "bubble". Derivatives did not pop the bubble. They did not create the bubble.
Government made the mess. Government interference in basic capitalist markets. But all the libs go "yup yup, dat's it" and blame Wall Street, rich people, and corporate greed. While asking for more free stuff.
bush and the republicans are liberal? :roll:
USATODAY.com - Bush seeks to increase minority homeownership
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.
The wingnuts want to pretend that the housing bubble occurred under Obama