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#1 | |
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Puppy Kicker
Join Date: Feb 2004
Location: Arlington, Virginia
Age: 43
Posts: 8,341
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Re: Democratic National Convention 2012
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#2 | |
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Playmaker
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
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Re: Democratic National Convention 2012
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It was not lack of regulation that caused the mortgage crisis. It was gov't interference in the mortgage markets that essentially forced the banks to underwrite shaky loans. When the GOP and even Bill Clinton came out prior to the crisis and said we need to put the brakes on here and get this under control....in a prudent way...the Dems (Frank, M. Waters, etc) said move along, nothing to see here, Freddie and Fannie are fine. Jump to post crisis and knee-jerk regulations such as Dodd-Frank stiffle growth across all sectors of the economy.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996. |
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