Have you ever heard of the Financial Crisis Inquiry Commission (FCIC), AKA-Angelides Commission?<quoted text>
What most ignorant liberals don't understand is that the meltdown of 2008 was called "Barney Franks legacy" by the Boston Herald. And great point about the evil Bush racking up a 4 trillion dollar debt and the savior Obama doing the right thing by tripleing it. It's scary how stupid most liberals are.
A bi-partisan commission, of Republicans and Democrats.
"While the vulnerabilities that created the potential for crisis were years in the making, it was the collapse of the housing bubble—fueled by low interest rates, easy and available credit, scant regulation, and toxic mortgages— that was the spark that ignited a string of events, which led to a full-blown crisis in the fall of 2008. Trillions of dollars in risky mortgages had become embedded throughout the financial system, as mortgage-related securities were packaged, repackaged, and sold to investors around the world. When the bubble burst, hundreds of billions of dollars in losses in mortgages and mortgage-related securities shook markets as well as financial institutions that had significant exposures to those mortgages and had borrowed heavily against them. This happened not just in the United States but around the world. The losses were magnified by derivatives such as synthetic securities.“
Not as simple as the Boston Herald editorial board's
"Barney Franks legacy"
Oh stupid me will take the opinion of a bi-partisan commission with subpoena power over that of the editorial board.