Quote Originally Posted by DuncanONeil View Post
"Bush is not responsble for the Sub Prime Crisis, the Banks are,"

Sorry I can not agree that the fault lies with the banks. I must lay the blame on the Democrat Congress that required banks to set aside sound loan practices and lend money to people that were a poor risk for paying the loan off.
Then there are the people that took advantage of attractive rates to refinance their home to put money in their pocket. Being "underwater" in a home is not the same as other things. Underwater in a car you are on the wrong side of a liability. A home is an asset.
um, The Congress was decidedly Republican when the regulations were stripped from the banking industry. And No laws REQUIRED lenders to lend to poor risk lenders.

The poor risk lending was made by unscrupulous lenders wishing to make a fast book over making loans to ignorant lendees.

Your information here is COMPLETELY false.