It seems to me that many of the seeds of loose lending standards rest with the Democrats, allowing financial institutions to leverage 30, 40 50 times, rest with the MO of this administration. The result was a perfect storm of handing out bad loans and leveraging them to the hilt.
Pssst…hey LA_Renter, the Republicans had majorities in the House of Representatives and the Senate from 2002-2006. Please show me the law that the Democrats passed that allowed the GSEs to go crazy with loose underwriting, thus causing the housing bubble.
This may surprise you, but I lean libertarian myself. However, unlike you, I don’t evaluate the parties based on their slogans. Instead, I dig deeper and look at what each party has actually done.
