So both of you lay the blame squarely on Bush? Well both of you are correct as far as you go. But no enforcement of bank regulations by Bush had just as much to do with it, causing the bankers to get greedy. Now, of course, the Fed is complicit by driving down interest rates to zero, hurting savers, to allow bankers to dump to loans back on the government, which takes the loss as they peddle the loans back to the banks. Net result, savers lose, taxpayers lose, bankers win. There’s nothing new under the sun.
I didn't read post 6 as blaming Bush. Clearly the post blamed government. The government also includes Congress. I suspect the blame was intended for Pelosi, Frank, Reid, and Dodd for expanding the activities of Fannie Mae. The post says the problem was not deregulation. You blame deregulation.
Your post seems to imply an agreement that is not there. It seems manipulative to me. Why write in such a fashion?
Absolutely not. I don’t blame Bush. He repeatedly warned Congress about the problem and was denounced by Pelosi, Reid, Frank and other d’bags.
Where did you get that I blamed Bush? And the point is mortgage backed securities were not regulated as other banking activities were. Your response has no connection to my post.