Quote:
Originally Posted by tony286
The banks had to be bailed out I hate to say it for people who depend on credit card sales.We would of been beyond fucked. It all would of collapsed it was so fucked up.
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And what caused the banks to almost fail?
Mortgages.
And that was caused by de-regulation from Congress during the Clinton years.
It wasn't Clinton's fault, it wasn't Bush. It was career politicians in Congress (both Dem and Repub) doing the bidding of the bankers who give them large amounts of money and god knows what kind of special deals under the table.
That's why I get irritated when people (including Obama) try to pretend that Bush somehow ruined the economy.
He didn't. He was too busy running up the national debt and taking away our personal freedoms.