Inquisitus
Don Juan
- Joined
- Jun 4, 2008
- Messages
- 134
- Reaction score
- 1
Dude, high risk loans were considered "safer" because of new unregulated financial devices that spread the risk until it appeared to dissappear. These were not regulated under the Bush admin because Bush's economic policy is to deregulate like Reagan. If Bush isn't a conservative, then i don't know what it is.johnnyrem said:Potato stated:
"All this in the face of a crashing economy at the hands of conservatism."
Complete BS. Sorry, Miss Tater, but your favored liberals have quite a lot of blame to shoulder for the lending mess that brought on the bailout and crashing economy.
Making high risk loans to poor credit risks got us in this whole lending mess.
Guess who pushed for liberalized lending practices to poor credit risks so "everyone could own a home."?????
Hint: wasn't the conservatives.
She (potato) is quite incorrect placing blame here.
Deregulation/liberalization of market = Conservatives economic policy.
Regulation/nationalization = liberal/socialist economic policy
The current economic crisis can be laid at the foot of proponents of the unfettered market. Last I checked, that is a conservative.
EDIT: Funny thing is the bailout, which is Paulson's (a Bush apointee as Sec. of Treasury) idea, is not leaving the market to correct itself.