Quote:
Originally Posted by Paul Markham
Bill is guilty of creating a scheme where people who couldn't afford a mortgage got one. Those mortgages were then changing hands on the Markets for more than their face value.
He's also guilty of signing a trade deal that fucked America.
Bush is guilty of two unwinnable wars and allowing the markets to sell debt at more than the debt.
Obama is guilty of allowing the shareholders to keep over charging for healthcare. Guilty of going to more unwinnable wars. How much of those decisions rested on the two houses?
|
The mortgage "scheme" wasn't really a thing. It was just an excuse. Most people forget that what happened first is George Soros pulled his entire portfolio out of the money markets which is what triggered runs on the banks and that is what started the collapse. He did this to propel Obama into office. And then banker bets (cdo's) are what really finished the market off.