Posts Tagged ‘sub-prime’
Mortgage Meltdown – The Sequel
August 2nd, 2012
The mortgage meltdown that put us in our current economic difficulties (recession, depression, collapse) has been blamed on George W. Bush. Somehow, the Republican President had the ability to force people to take bad loans, force banks to act stupidly, disallowed regulations against Fannie Mae and Freddie Mac (even though republicans were calling for such during his first term), and with his magic want popped the housing bubble. In reality, like Obama's policies which are extending the economic Read more [...]