Quote:
Originally Posted by Yssup Rider
You need to get out more HK. Im sure my now you've spread out 5-10 pounds since Inauguration Day....
Nothing better than a good generalization by Joe Bloehard. bother fucker who probably hast seen the sunlight in months.
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So where's the flaw in my observations? Just because something is a generalization doesn't mean it's inaccurate.
The expansion of the Community Reinvestment Act under Clinton started the subprime meltdown. FNMA began aggressively purchasing subprime loans without the usual underwriting requirements for good credit and sufficient income. It was a classic bubble economy. It had to burst.
By printing trillions of dollars, Obama is doing to the entire national economy what was done to the housing market; he's creating a bubble.