re: Why has the Dow Jones done so well under the two recent Democratic presidents?

quote:

---

fundamental changes to Jimmy Carter's Community Reinvestment Act of 1977. Close examination of these actions show that the government made banks abandon sound lending practices and forced them to give mortgage loans to people who couldn't really afford them. Through Freddy and Fannie, the government acted as a backstop to defaulting loans. Literally these companies could not lose. These actions grew balance sheets for banks and mortgage companies pumping stocks further up.

---