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Ex,
We The People (with the help of different presidents) forced the subprime loans on the banks...read the stories behind the "Community Reinvestment Acts". This is what caused the nightmare we're in today. Quite frankly, Obama seems determined to re-start the mess again. Cheap loans for everyone, home purchase increase, prices for home increase, people hedge-bet property values, banks sit back and cash out until they've got a portfolio filled with overpriced real estate...then the bubble bursts.
Ron,
You're 100% correct, Clinton was the biggest offender...but some blame has to be passed along to Bush for allowing it to continue. Then again, he'd been taken out back and shot if he tried to curb the record growth We The People were seeing, too bad it was all a sham.
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