Apparently, this is all Clinton and the Democrats' fault.
This YouTube video details a person's version of events that led to the economic woes facing us today.
I dunno, there is some truth in there, but after a bit, it becomes quite a hatefest against the Democrats, which I am not necessarily against. I hate Bill Clinton politically with a passion. If the secret service reads this crap, I stress the term politically.
Haar.
Enjoy.
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Too bad that video was removed from Youtube. I read very interesting contrarian opt-ed piece saying that governmental influence -- rather than the lack thereof -- caused this financial crisis. Governmental policy encouraged increased home ownership (the American dream) and they therefore loosened lending standards. People in the lower echelon of credit worthiness were extended mortgages. Many many defaulted, as expected, thereby bringing down financial companies with them.
So what is it? Do you want to encourage home ownership by looser lending standards? Or do you want more guarded lending practices? You can't have it both ways.
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