Bill Clinton=Mortgage crisis.... even smart democrats agree...
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Bill Clinton=Mortgage crisis.... even smart democrats agree...

  1. #1
    Sushi Inspector Wicky's Avatar
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    Default Bill Clinton=Mortgage crisis.... even smart democrats agree...

    Hah....smart democrat...now that is an oxymoron if I've ever heard one!! Or is it?
    Here's a little history lesson for all the dumbfuck democrats here at PB!! Don't worry about responding to me. I've already blocked all of you blithering Obama idiots already. Hah!!!!

    Bill Clinton's Role in the Mortgage Crisis - Democratic Underground

    Bill Clinton's Role in the Mortgage Crisis by Ralph Brauer

    Many Democrats wish Bill Clinton still occupied the White House. However, before you put him in Mt. Rushmore, you might want to investigate his role in the mortgage foreclosure crisis.

    The chief aim of what I have termed the Republican Counterrevolution has always been to roll back the New Deal. Anti-gov'ment rhetoric hides this as surely as states' rights hid racist segregation. Of all the New Deal legislation the GOP has sought to overturn, one that has always been at or near the top of the list is the Glass-Steagall Act. Ironically, a Democratic president repealed this for them.


    Billionaire Sanford I. Weill, who according to Louis Uchitelle made "Citigroup into the most powerful financial institution since the House of Morgan a century ago," has what I call the Wall of Me leading to his office, which he has decorated with tributes to him, including a dozen framed magazine covers. A major trophy is the pen Bill Clinton used to sign the repeal of the Glass-Steagall Act, a move which allowed Weill to create Citigroup. Fittingly, Citigroup is a major contributor to guess which current Democratic Presidential candidate


    When Bill Clinton gave that pen to Sanford Weill, it symbolized the ending of the twentieth century Democratic Party that had created the New Deal. Although the 1999 law did not repeal all of the banking Act of 1933, retaining the FDIC, it did once again allow banks to enter the securities business, becoming what some term "whole banks."

    The repeal of one of the most important pieces of legislation in this nation's history came about as a result of another Clinton "triangulation," the wobbling attempt to find the middle of the road that has somehow managed to pass for a philosophy with many Democrats for over two decades. As former Clinton former campaign Richard Morris once described it, you move a little to the left, a little to the right. I'd love to hear Clinton give that explanation to a foreclosed home owner today.

    With the stroke of a pen, Bill Clinton ended an era that stretched back to William Jennings Bryan and Woodrow Wilson and reached fruition with FDR and Harry Truman. As he signed his name, in the whorls and dots of his pen strokes William Jefferson Clinton was also symbolically signing the death warrant of Liberal America and its core belief in the level playing field that had guided the Democratic Party. But it was the gift of the pen to Sanford Weill and its assuming an honored place on the Wall of Me that rubbed salt in the wound.


    And the current crop of politicians? Look closely at their donor lists, which I detailed in the series "Follow the Money."(see link) Then wonder why no moderator or other candidate has asked Hillary Clinton if she supports her husband's repeal of Glass-Steagall? Ask the other candidates if they support Bill Clinton's move.

    http://www.progressivehistorians.com/2007/11/bill-clint...
    Re-introduce the wolves and bannish all the bully breads!!!! This country is falling faster than we realize it!! Freedom....a term our kids will be learning in school in a HISTORY book sooner than later!!!
    Daddy....what was it like to have FREEDOM when you were young?

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  3. #2
    Sushi Inspector Wicky's Avatar
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    Clinton actually is a smart man unlike his followers!! Hah!!
    Re-introduce the wolves and bannish all the bully breads!!!! This country is falling faster than we realize it!! Freedom....a term our kids will be learning in school in a HISTORY book sooner than later!!!
    Daddy....what was it like to have FREEDOM when you were young?

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    Icy
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    Boatless Member :( Icy's Avatar
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    Dunno why you even try here. They will just go LALALALALALALALALALALALALALALALALALA I CAN"T HEAR YOU LALALALALALALALALALALALALALALALA BUSHHHHHHHHHHHH BUSHHHHHHHHH

    Many of us have already tried to show who's to blame. It's pretty much everybody but the ones that deserve most of the blame get NONE.

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    Sushi Inspector Wicky's Avatar
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    It's too bad stupid people are allowed to breed...
    La lalalalalalallalalalallalalala did I mention lal alalalallallalalalalalallaa
    Last edited by Wicky; 11-02-2011 at 11:51 AM.
    Re-introduce the wolves and bannish all the bully breads!!!! This country is falling faster than we realize it!! Freedom....a term our kids will be learning in school in a HISTORY book sooner than later!!!
    Daddy....what was it like to have FREEDOM when you were young?

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    I'm baaaaack... hkunz's Avatar
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    Don't forget that wonderful bit of legislation/rulemaking that required lenders to provide loans to people who couldn't pay them back. We, as loan officers, had to provide demographic information on all borrowers; if the borrower declined to state, as was their right, we had to fill it in "as best we could". Yup, female, African American, speaks Spanish, check the blocks and move on. If not enough "minorities" were getting checked off on those blocks, Fannie and Freddie would change the rules to open it up more.

    When they opened it up more, it was nondiscriminatory. White, black, Asian, didn't matter, but they still couldn't pay, and we had to provide those loans! What was I to do as a loan officer, say, "you qualify, but I don't want to get you this loan?" No bueno that.

    All mandated from the very top, Barney Frank and Chris Dodd.
    It is impossible to defeat an ignorant man in argument. -William G. McAdoo, lawyer and politician (1863-1941)

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    Already miss the 310/562 2manymustangs's Avatar
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    listen close.....










































































    IT'S ALL BUSH's FAULT!!!!!!!!!!
    Last edited by 2manymustangs; 11-02-2011 at 06:36 PM.
    Pat Eason, the voice of reason...

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