On Aug 20, 9:56 am, Zebnick <[email protected]> wrote: > The difference between encouraging easy credit and "taking specific > action" is enacting laws like the Community Re-investment Act and > attacking banks as "racist" if they didn't lend to minorities, despite > the fact that the minorities didn't meet the lending standards and > even siccing your justice department on them and threatening their > borrowing ability with the government. Its pressuring Fannie and > Freddie to lower lending guidelines (credit score, down payment, debt > ratio) to include risky borrowers and in doing so, inadvertently open > the door for these poisonous loans to permeate the entire financial > system.
That may be, but there are at least 5 things wrong with your 2 arguments; #1. Bush Jr. used it as a matter of justifying his economic policies in multiple speeches to the country. #2. Bush Jr. was the one who told people to "spend, spend, spend" to keep the economy afloat. #3. Bush Jr. was the recipient of the deregulation. #4. Bush Jr. was much like Alan Greenspan who said "I made a mistake in trusting that the free markets could regulate themselves". #5. Bush Jr. gave talks to Wall Street financial corporations asking them to cut their bonuses and do the right thing....they ignored him completely, and Bush Jr. took zero action against them. You should have followed Sage's lead and changed the subject the way most conservatives do as a tactic. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
