n1ywb
NAXJA Forum User
- Location
- The Green Mountains
I'm sorry, but you're wrong...it was Clinton who signed the law(s) forcing Freddie and Fannie to lend to anyone and everyone....look it up...
You're right. Clinton set the policies. Of course when they got out of control, Bush was asleep at the switch. Nor do I think the banks and investors can be held blameless. And of course individuals shouldn't have taken out mortgages they couldn't afford. And frankly there is no quick fix, neither Obama nor McCain have the power to undo the damage. The market will correct itself sooner or later and a lot of people who invested foolishly will be hurt.