Warrior General Games

Originally posted by cowcards
Originally posted by pt206

Originally posted by PhnxFyr


im voting for clinton... bill clinton..that dude didnt fuck shit up.... and he is mad chill

The current economic situation goes back to Clinton.

Take a look at the community reinvestment act (CRA) which led to the explosion of subprime loans and the housing bubble.

only 1/3, might be 1/4 not completely sure, of the subprime loans made were by CRA regulated banks. The rest were by Institutions that practiced predatory lending. The crisis woulda happened whether or not the CRA was in effect or not. A study by the Fed (Federal Reserve) this past year showed that there was a basically equal amount of loans made to high income as there was to low income by CRA regulated banks. You can't blame the crisis on the CRA.

I wouldn't put any stock in any study performed by the fed. The fed is a private entity that's only interested in making money for the international banking cartels that own it's shares. They print 90% of our currency, issued to us with interest.

If you want a good laugh read the fed reports on the economy from 2006 and 2007.

Originally posted by pt206

I wouldn't put any stock in any study performed by the fed. The fed is a private entity that's only interested in making money for the international banking cartels that own it's shares. They print 90% of our currency, issued to us with interest.

If you want a good laugh read the fed reports on the economy from 2006 and 2007.


Wait, are you complainging about Brit? I can't tell if this is continued threadjacking or if brit is such a skilled politician that he can defelct the focus from himself to something that seems more important....

Damn! That is another reason I hate this guy!