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The Real Culprits in this Meltdown
Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the "trickle-down" economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions. SEE LINK FOR FULL ARTICLE... Posted by: Wakeupcall 2008-09-17 |
| http://www.rantburg.com/poparticle.php?ID=250280 |