The Coronavirus Scam

[BoSox]

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it wasn't liberals who took the country into a recession, almost a depression, in 2008

it was conservatives who believed in lax regulation of the financial industry

then the bankers and mortgage brokers really effed up - offering up all these subprime loans to some people who couldn't even make the first mortgage payment

nobody watching - regulators marginalized - then the scammers wearing suits started to rock and roll - big sales - big commissions

and the bankers, brokers, etc. showed it on their books as a big positive - a sale - a gigantic scam

Bullshit! Remember who ran the Federal Banking Committee idiots Barney Frank and Chris Dodd. They demanded almost everyone qualify for Fanny Mae, and Freddy Mac loans. Please don't put all those problems on conseratives.

Half Smoke wrote:

"maybe so - I haven't researched it - but it's really irrelevant anyway





lax or little regulation of the financial industry, (and other industries), is a conservative philosophy - not a liberal one


there are exceptions, of course, but liberals generally favor strong regulation of corporate entities and conservatives generally favor weak regulation "

BoSox

If you want anything to be factual when discussing this history you cannot say that what Frank, and Dodd did was irrelevant. They were in charge and calling the shots, while possessing and using all kinds of power, and leverage at the time on the bankers. Take the blinders off, yes the Dem's are the party of regulations, BUT back then, not when it involved miniorities. The words discrimination rang out throughout the party and it was time for payback. Between the lines the bankers were told to play ball with the loans or they were going to be tied up in knots with new but yet unforseen regulations. This is all true so there was plenty of blame to go around. Besides do you think all the bankers were Republicans?