Do you blame Bush for this financial disaster of a mess ?

[isekii]

If so why ?

I'm hearing a bunch of this and that in my office and a lot of people are blaming Bush for this mess.

 

[OCGuy]

No, and P&N.

 

[sonambulo]

No. He's doing God's work remember? I blame God.

 

[waggy]

no. it has more to do then bush, or even congress. its more about greed and lack of careing what can happen.

 

[spidey07]

Hell No. He has nothing to do with it. All the crap went downhill once we had a democrat house/senate. Time to educate them on government 101.

 

[moparacer]

I think the majority of the blame can be tied to the people that work on that famous street they have up in Manhattan......

 

[Rage187]

Considering this mess started before he was president. No.

 

[sonambulo]

Originally posted by: moparacer
I think the majority of the blame can be tied to the people that work on that famous street they have up in Manhattan......

Broadway! It's Broadway, right!?!?!

 

[Vehemence]

I blame America for American problems, not just one person

 

[KLin]

Originally posted by: sonambulo

Originally posted by: moparacer
I think the majority of the blame can be tied to the people that work on that famous street they have up in Manhattan......

Broadway! It's Broadway, right!?!?!

Those damn producers and all of their shows!!! Bastards, all of them! :|

 

[vi edit]

I blame pretty much anyone that cashed in on virtual wealth that never should have been there, bought a house they couldn't afford, gave a loan they couldn't verify, and just about anyone that wracked up far more in debt than their lifestyle or cashflow could support.

 

[sonambulo]

Originally posted by: dNor
I blame America for American problems, not just one person

Yeah, um, exactly I definitely am agreeing with this sentiment wholeheartedly. On the other hand, America wrote some really great songs so I think we can be lenient with the punishment.

Are we in lockstep on this one or am I dying up on stage here?

 

[Queasy]

This has little to do with who is in the Congress or the White House currently. The problems go back more than a decade that have been covered up for a while due to shady dealings at the top of places like Fannie Mae and the push for making loans available to people who normally wouldn't be able to afford them.

 

[sonambulo]

Originally posted by: KLin

Those damn producers and all of their shows!!! Bastards, all of them! :|

Hey hey! Let's burn down Broadway so nothing like this ever happens again! Who's with me?!?!

 

[JS80]

Here's the chain of command to blame:

1) the sleazy salesman who sold the shit loans
2) the worthless customer who took out 100% financing with liar loans
3) the greedy ass investment banks that packaged the loans together
4) the greedy ass investment banks that borrowed 30x their equity and bought and sold these loans
5) short sellers
6) Obama

 

[isekii]

Some people have no sense of personal responsibility. And what i find even more ridiculous is that some of these people blame the president for this mess.

 

[ViviTheMage]

gotta blame someone!

 

[jonks]

Bush alone, no. but ask yourself which party pushes for deregulation and wants to just let the market balance itself out, and which party wants enhanced regulation because it doesn't trust the top shelf of banking execs who get paid $20M even when they are fired for gross incompetence/negligence

 

[nakedfrog]

I blame greedy corporations and foolish debtors.

 

[sonambulo]

Originally posted by: JS80
Here's the chain of command to blame:

1) the sleazy salesman who sold the shit loans
2) the worthless customer who took out 100% financing with liar loans
3) the greedy ass investment banks that packaged the loans together
4) the greedy ass investment banks that borrowed 30x their equity and bought and sold these loans
5) short sellers
6) Obama

7) Yo Mama!

Awwwww yeahhhhhh!!! Two times!!!!!!!!!!!!

 

[MotF Bane]

Originally posted by: vi edit
I blame pretty much anyone that cashed in on virtual wealth that never should have been there, bought a house they couldn't afford, gave a loan they couldn't verify, and just about anyone that wracked up far more in debt than their lifestyle or cashflow could support.

This cannot be emphasized enough.

 

[nakedfrog]

Originally posted by: JS80
Here's the chain of command to blame:

1) the sleazy salesman who sold the shit loans
2) the worthless customer who took out 100% financing with liar loans
3) the greedy ass investment banks that packaged the loans together
4) the greedy ass investment banks that borrowed 30x their equity and bought and sold these loans
5) short sellers
6) Obama

:laugh:
There's no doubt that you are a dedicated partisan hack!
We agree apart from that, though.

 

[Capt Caveman]

Originally posted by: KLin

Originally posted by: sonambulo

Originally posted by: moparacer
I think the majority of the blame can be tied to the people that work on that famous street they have up in Manhattan......

Broadway! It's Broadway, right!?!?!

Those damn producers and all of their shows!!! Bastards, all of them! :|

Those God Damn Cat People!!!!!

 

[sonambulo]

Originally posted by: Capt Caveman

Those God Damn Cat People!!!!!

There's a Planet of the Apes musical joke somewhere in here but I just can't seem to rub it out into my post.

 

[Queasy]

Originally posted by: jonks
Bush alone, no. but ask yourself which party pushes for deregulation and wants to just let the market balance itself out, and which party wants enhanced regulation because it doesn't trust the top shelf of banking execs who get paid $20M even when they are fired for gross incompetence/negligence

Link - The Bush Admin tried to reform Freddie Mac and Fannie Mae five years ago. Dems blocked it.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

?These two entities ? Fannie Mae and Freddie Mac ? are not facing any kind of financial crisis,? said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ?The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.?

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

?I don?t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,? Mr. Watt said.