re: Obama most corrupt President in?

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am sorry if the truth offends you

Its not the truth

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What? That the housing bubble and the $900B TARP bailout is not on Bush 43?

That is the truth; sorry if you don't like it.

Bush signs bank bailout, Oct. 3, 2008

By ANDREW GLASS 10/03/13 05:10 AM EDT


On this day in 2008, President George W. Bush signed legislation that allowed the U.S. Treasury to put its proposed Troubled Asset Relief Program into effect. Treasury Secretary Hank Paulson told Congress its implementation was required to stem a worldwide economic collapse. Bush acted within hours of its passage by the House.

Paulson initially wanted the government to buy toxic assets held by insolvent banks and then auction them off to private investors or companies. But he abandoned that approach on the advice of Gordon Brown, the British prime minister, who came to the White House for an international summit on the global credit crisis.


Formally called the Emergency Economic Stabilization Act, the measure bailed out banks in the wake of the subprime mortgage debacle. It authorized the Treasury to spend as much as $700 billion in taxpayer funds to buy mortgage-backed securities and other distressed assets as a means of restoring confidence in badly shaken credit markets. Initially, a coalition of conservative free-market Republicans and liberal anti-Wall Street Democrats greeted Paulson’s proposal with skepticism. On Sept. 29, the House unexpectedly rejected the plan by a vote of 205-228, shaking the financial markets. Four days later, after some minor changes, the House voted 263–171 to pass the bill into law."


LINK

A world wide economic collapse brought down on us by Bush 43 policies.