
Originally Posted by
larvidchr
Sub-primes was the original cause of the long on the way US and World financial breakdown, and sub-primes was a Democrat baby born under Jimmy Carter and forced on the Banking sector, and with later shifting Dem and Rep Governments/Senate majority failing to step in before it was to late, notably the colossal meltdown in Fannie Mae and Freddie Mac two Democrat backed institutions, that the G.Bush government red flagged back in 2001 and since issued 34 warnings about the need to reform, But they where staunchly defended by the Democrats notably Barney Frank, we all know how that ended!! so the G. Bush era was not the cause and origin of the US troubles just a part of it, just like Obama have to take responsibility for the printing of money, stimulus etc. that he has decided on was OK to add to the debts of the US. They all had their fingers in the making of that bad pie, and claiming it was just the one side is plain rubbish, but casting backwards blame is part of both sides election clap trap since none of them apparently have much to offer in terms of plans for a better future.