In response to:

The Brass Standard

True Conservative! Wrote: Sep 13, 2012 1:13 PM
However, Bush DID recognize the problem later and tried to do something about it ... but was stymied by the leftists in congress who still had enough power to block reform. Remember Barney Frank and Chris Dodd? No, you willfully forget them. Now the leftist Obama administration is trying to re-loosen lending standards. One thing about the left ... they NEVER, EVER learn from their mistakes. Recognize yourself there, ericynotbeanidiot?
ericynot Wrote: Sep 13, 2012 1:43 PM
TC,

No, I don't recognize myself. I hold a business degree, have started multiple small businesses, now trade stocks full time, and spent most of Bush's 2 terms railing about the housing bubble. Anyone with an understanding of economics could see the housing crash coming up Broadway for years. I shorted a lot of housing company stocks in 2006. Unfrtunately, being right doesn't count if your timing is off, and the housing market crash came two years later.

Republicans had control of Congress for much of Bush's tenure, and he failed to adequately press that advantage.

And of course I remember Franks and Todd -- idiots both. Go stereotype someone else and save the middle school insults -- they make you look juvenile.

Politics takes a lot of brass. And Bill Clinton is a master politician. His rousing speech at the Democrats' convention told the delegates that Republicans "want to go back to the same old policies that got us into trouble in the first place."

That is world class brass. Bill Clinton's own administration, more than any other, promoted an unsustainable housing boom, which eventually and inevitably led to a housing bust that brought down the whole American economy.

Behind all the complex financial processes that reached to Wall Street and beyond, there is one fundamental fact: many people stopped making...