The causes were many and complex and both sides dropped the ball.<quoted text>
Still trying to peddle that crap Carol? Fannie and Freddie had nothing to do with the housing melt down which was caused by shaky loans made by unregulated mortgage brokers who in turn sold them off to Wall Street firms such as Lehman Brothers and Bear Stearns who packaged these high-risk loans into securities, got the credit-rating agencies to bless them, and then passed them along to investors, who were often unaware or misinformed of the underlying risks. It was the poor performance of the loans in these “private-label” securities—those not owned or guaranteed by Fannie and Freddie—that led to the financial meltdown, according to the bipartisan Financial Crisis Inquiry Commission, among other independent researchers. The housing bubble started to collapse in 2006 before Democrats took control.
www.americanprogress.org › Issues › Housing
Likewise Democrats in Congress were sold a bill of goods by the Bush administration on WMD programs that did not exist.
The entire economy single-handedly brought down by one man is preposterous and next to impossible without some help from your party as well and going back as far as the Clinton administration.
So when you stop blaming Bush, we won't need to argue about it anymore.