Just so we're all clear and on the same page. The warnings were there about this potential (and now obvious) financial crisis. What started in the Clinton administration bubbled over into the Bush administration. Bush quickly realized the potential problem of these bad loans and warned Congress back in 2001. This video clearly shows Barney Frank didn't heed the warnings AND is shown stating that the governments job is not to "bailout" businesses. How quickly they changed their tune! It does make you wonder: did they plan this all along so that when Obama got into office they could push their massive spending plan or is it shear stupidity? Hmmm - Greed or Stupidity or Both? I'll take door number 3 Bob! You gotta watch this short clip.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment