I blame Greenspan more than anyone. After yakking about irrational exuberance in the stock market, he sat on the sidelines for the housing bubble. He could have suggested to Congress that pushing Fannie and Freddie deeper into the risky loan market was reckless. He did note that the housing bubble would burst at some point, but he sounded almost cavalier about it, like it would burst and values would go down, then life would resume as normal.
Clinton doesn't get any special blame for it, except for the Greenspan pick. Congress gets a huge amount of blame for pushing risky loan practices in an ideologically driven attempt to spread home ownership to people who could not afford homes. On Tue, Jan 20, 2009 at 4:01 PM, Judah M wrote: > Well, off the top of my head, I believe that you and Robert have been > blaming Clinton for the subprime mortgage crisis. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:285840 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
