Can anyone explain how the Bush tax cuts caused banks to make bad loans and cause a credit crisis? This theory has been promoted by the Zero and several top Rats in the last few days.
Can anyone explain how the Bush tax cuts caused banks to make bad loans and cause a credit crisis? This theory has been promoted by the Zero and several top Rats in the last few days.”
Bush did not tell the banks to make bad loans.
That started with Jimmah Carter, in 1977, with the CRA.
Then Clinton, Cisneros, and Janet Reno put grease on the runners, and away went the controls banks traditionally had over their own loaned funds.