thunder wrote:
On Fri, 20 Mar 2009 15:21:18 -0800, Calif Bill wrote:


It started a lot further back than Bush, or Clinton, or Bush 1.

Bush Basher that I am, I can't blame this on Bush. I believe the
government gets too much blame, *and* too much credit, for the economy.
The government might have developed the framework that allowed this to
happen, but they didn't cause it to happen. No one put a gun to the head
of Wall Street's Masters of the Universe and forced them to make
incredibly risky decisions. No one told Lehman Brothers they had to
leverage themselves 33 to 1. Greed and stupidity did that. This is a
free market, after all.

Except the Clinton administration in forcing banks to make loans to
unqualified individuals because it was everyone's right to own a home.