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<blockquote data-quote="The Other Side" data-source="post: 1183596" data-attributes="member: 17969">DRIVEIN, An avalanche always starts at the top of the hill.&nbsp; As it slides down, it picks up momemtum and it starts wiping out everything in its path.&nbsp; The speed of an avalance picks up as the weight of the avalance increases and with the housing bubble, it does the same thing.&nbsp; First, listen to BUSH long before the housing market crashed.&nbsp; When fannie and freddie were solvent, and the banks werent upside down.<a href="http://www.youtube.com/watch?v=vLUbb2DUYGk&amp;feature=related" target="_blank">Burning Down The House: (Karl Rove - Bush Version) - YouTube</a>As I said to you before, CLINTON did not remove downpayments from his home buying program.&nbsp; BUSH was the first to suggest the removal of downpayments alltogether.&nbsp; It was BUSH who pushed the Downpayment assistance act to give taxpayer money to low income families to buy homes.This lent itself to the future failure of those homes sold under these programs.You heard BUSH himself talking about using goverment money to make mortgage payments from section 8.&nbsp; These million homes ALL FAILED and were foreclosed upon.You are correct, ONE person cant be held responsible for the total collapse, but they can be held responsible for starting the avalanche that took the nation down.It was a Short game win for wall street, and a long game loss for all americans.BUSH and his cronies took advantage of americans in his 8 years knowing full well all those 7 million homes would be doomed to fail.&nbsp; But what did they care?&nbsp; They werent going to be in office when it all came crashing down anyways, and they would take billions of dollars with them.The joke is to attempt to place blame on carter, clinton, barney frank or anyone else.This was the republicans dream idea. They own it.Unfortunately, we are paying for it.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 1183596, member: 17969"] DRIVEIN, An avalanche always starts at the top of the hill. As it slides down, it picks up momemtum and it starts wiping out everything in its path. The speed of an avalance picks up as the weight of the avalance increases and with the housing bubble, it does the same thing. First, listen to BUSH long before the housing market crashed. When fannie and freddie were solvent, and the banks werent upside down. [url=http://www.youtube.com/watch?v=vLUbb2DUYGk&feature=related]Burning Down The House: (Karl Rove - Bush Version) - YouTube[/url] As I said to you before, CLINTON did not remove downpayments from his home buying program. BUSH was the first to suggest the removal of downpayments alltogether. It was BUSH who pushed the Downpayment assistance act to give taxpayer money to low income families to buy homes. This lent itself to the future failure of those homes sold under these programs. You heard BUSH himself talking about using goverment money to make mortgage payments from section 8. These million homes ALL FAILED and were foreclosed upon. You are correct, ONE person cant be held responsible for the total collapse, but they can be held responsible for starting the avalanche that took the nation down. It was a Short game win for wall street, and a long game loss for all americans. BUSH and his cronies took advantage of americans in his 8 years knowing full well all those 7 million homes would be doomed to fail. But what did they care? They werent going to be in office when it all came crashing down anyways, and they would take billions of dollars with them. The joke is to attempt to place blame on carter, clinton, barney frank or anyone else. This was the republicans dream idea. They own it. Unfortunately, we are paying for it. Peace TOS [/QUOTE]

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