stay_focused Wrote:
Nov 06, 2012 1:21 PM
Dupes of the Republican party and Wall Street say the words Bwany Fwank said in 2003 caused the 2008 financial meltdown. The Big Lie is that banks and investment houses are merely victims of the crash. You see, the entire boom and bust was caused by misguided government policies. It was not irresponsible lending or derivative or excess leverage or misguided compensation packages, but rather long-standing housing policies that were at fault. Indeed, the arguments these folks make fail to withstand even casual scrutiny. But that has not stopped people who should know better from repeating them.