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Old 09-09-2012, 09:11 PM   #232
AustinChief AustinChief is offline
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Quote:
Originally Posted by BigRedChief View Post
I disagree. You seem to state fannie and freddie and the dems created the real estate bubble like its fact. It's gravity. It's Hitler started WWII. And thats just not true. It's not accepted scientific fact.
To be clear. No one has said any such thing. Although I certainly believe that a majority of the blame falls on Frank, there is plenty to spread around (Phil Gramm anyone?) What we have stated is that it is lunacy to try and lay this at BUSH'S feet as you are attempting to do. I am not a Bush fan. Rarely will you see me defend him... but I am a huge fan of ACCURACY.. and it's completely inaccurate for him to take the fall for the housing bubble. As a matter of fact, no serious person who has looked at the issue thinks so. Democrat or otherwise.

Now, let;s address your off topic links. (They are off topic because not one of them puts the blame on Bush as you have claimed)

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Originally Posted by BigRedChief View Post
Ok this one is a complete joke which was thoroughly rebutted by Wallison if you read through to the end and his response. BUT again, the article blames Wall Street not Bush. And where did that deregulation occur? Under Clinton. To be FAIR it was pushed through by Phil Gramm but the Dems voted heavily in favor of it as well on the advice of Greenspan.

Quote:
Originally Posted by BigRedChief View Post
Academic economic profiessors posted on the WSJ circa 2010:
http://blogs.wsj.com/economics/2010/...ancial-crisis/
This one is a weird one to link to. It's a hodge podge of different opinions, some of them completely contradictory to others. Some of them clearly support my view, others put more emphasis on global conditions, others point to banking deregulations, etc etc... not one blames Bush.

Quote:
Originally Posted by BigRedChief View Post
Lastly we have a Washington Post article that has been debunked so many times it's not even fun anymore. Ritholtz follows the same black and white bullshit argument that Mins puts forth. There is no question that financial sector deregulation played a major role in this. BUT they ignore and distort and sometimes outright LIE about the roles played by Freddie and Fannie. Of course, if we just forget all that and take what he says as Bible truth... it still points to ... yet again... deregulation passed under who? Bill Clinton.

Let's be clear, I'm a huge Bill Clinton fan. This is not meant to bash him at all. I'm just not going to stand idly by and watch Bush (who I don't like) get blamed for something that had almost NOTHING to do with him.
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