September 29, 2008 at 8:23 pm
#640876
TammiWS
Member
This started way before Clinton. This is the result of years of Reaganomics, trickle down nonsense, deregulation, and greed. Dont forget Paulson assured of of the same in April 2007….
“We’ve clearly had a big correction in the housing market. Retail housing was growing for some time at a level that was not sustainable,” Paulson said in a speech to The Committee of 100, a business group in New York promoting better Chinese relations.
“I don’t see (subprime mortgage market troubles) imposing a serious problem. I think it’s going to be largely contained,” he added.
18 months later……here we are. What a mess.