- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Yahoo writes article "It's Obama's Presidency, but Bush's World
Posted on 7/3/14 at 10:19 am to The Third Leg
Posted on 7/3/14 at 10:19 am to The Third Leg
quote:
How about the world financial markets and toxic balance sheets? Wait, all of that was fully out in the open, silly me
Direct result of the Bush presidency
2
Posted on 7/3/14 at 10:22 am to jamboybarry
I don't know about that, but it's disingenuous to act as if the Bush administration didn't have a hand in the pot.
If we are going to lay this all at Obama's feet, Bush should share in the blame.
They're the same breed, different mask.
If we are going to lay this all at Obama's feet, Bush should share in the blame.
They're the same breed, different mask.
Posted on 7/3/14 at 10:24 am to jamboybarry
quote:
Direct result of the Clinton presidency
FIFY
Fannie Mae and Freddie Mac were created under Clinton. The policy of forcing lenders to make home loans to people with no ability to pay them back was under Clinton. The Glass-Steagall Act which kept lending institutions and investment banks separate was repealed under Clinton, meaning that banks could re-bundle the mortgages into securities, rate them as safe, and then sell them on exchanges to municipal pension plans as safe investment products.
Bush on the other hand, repeatedly petitioned Congress to investigate Fannie and Freddie as well as to regulate those mortgage backed securities. Congress had that authority, NOT the president, and they refused to cooperate.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News