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Originally Posted by adav8s28
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are you familiar with the word obtuse? it means someone who is intellectually unable to grasp the subject they seek to understand
you are so determined to blame the financial crisis on Bush and lionize Obama while ignoring Clinton's repeal of Glass Steagall and under Clinton's watch ..
The Housing and Community Development Act of 1992
This legislation established an "affordable housing" loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30% or more of Fannie's and Freddie's loan purchases be related to "affordable housing" (borrowers who were below normal lending standards). However, HUD was given the power to set future requirements, and HUD soon increased the mandates. This encouraged "subprime" mortgages. (See HUD Mandates, below.)
that you simply cannot grasp the subject you claim to understand.
actually both Democrats and Republicans had a hand in it but all you see is "Bush BAD Obama GREAT"
i have posted at least ten articles criticizing your beloved Obama's handling of the economy. now run off to the interwebs and find 10 that claim Obama "saved" the economy
now get busy sport