Great data!<quoted text>
Actually, I didn't go along with anything that you said about GWB.
However, I did ask you about the effects of Clinton repealing the "Glass Steagall Act", and you have yet to respond.
Show some honesty, and fairness. Give me your analysis of how Clintons action affect the housing market in this country, argueably the biggest financial calamity to take place since the 1930 depression.
btw, GWB was touting the rise in homeownership in the early 2000's., so I will not give him a pass, but how about you getting real an admitting that Clinton was very much responsible for our current situation.
I would be remiss by not adding four of Obamas top six contributors include Goldman Sachs, J.P. Morgan andguess whoCitigroup.
None of this promise the next four years will be any easier on the American consumer. And meanwhile I am still waiting after six months for some reporter to ask Hillary Clinton what she thinks of her husbands repeal of Glass-Steagall and whether she would favor rolling it back.
The reason for the silence may be that for the Clintons the repeal of Glass-Steagall may prove far more embarrassing in the long run than Monica Lewinsky.
The growth of subprime lending in the past decade had been quite dramatic. Using data reported by the magazine Inside Lending, Table 3 reports that total subprime originations (loans) have grown from $65 billion in 1995 to $332 billion in 2003. The structure of the market also changed dramatically through the early 2000s For example, the market share of the top 25 firms making subprime loans grew from 39.3 percent in 1995 to over 90 percent in 2003. Many firms that started the subprime industry either have failed or were purchased by larger institutions.
The credit crisis now afflicting the corporate debt and stock markets suggests Congress should revisit the work it did in 1999 that is at the root of much of todays troubles. Thats right: Its time to rethink the Gramm-Leach-Bliley Act, otherwise known as Sandys Law(after then-Citigroup chief executive Sanford Sandy Weill), which nailed shut the coffin of the Glass-Steagall Act of 1933
The data you have presented is good.
One thing the data does not have:
Blowing up buildings.
Taking advantage of a situation that was going down hill and going further down hill. To the brink of financial disaster.
Since you are protecting george bush, why did george bush not put the brakes on.
Why did george bush start the street fight instead fixing or attempting to fix the dammage done by the previous leader of our country?
george bush had the chance to make the change but instead, being the loser he is, took an easy road: WAR!
'h' we feel the effects of our leaders after they are OUT of office.
It is your cousin george bushes crap we are dealing with now.
Remember 'h' the previous leaders screwed us in our pockets, george bush screwed us in our pockets, and took and is still taking a lot of lives.
We are being gouged. This george bush gas show is the pits.