We finally have the answer to who is responsible for the devastating effects of the housing crash of 2008. No, it wasn’t the big banks, or Wall Street, or even those despicable mortgage bankers. According to Presidential hopeful, and most likely our next Democrat nominee for President, Hillary Clinton, it was those good ole Republicans. Who else?
Silly me, I thought it had something to do with a lousy economy. If so, that was probably also caused by those lousy Republicans. Ut-oh my bias is showing…
Secretary of State Clinton made her remarks at a recent roundtable she conducted at a donut shop in New Haven, Connecticut (Republicans), and when she speaks everyone listens. So, I guess all those accusations made by so many, including her rival, Bernie Sanders, about ruthless predatory lenders, banks too big to fail, and big fat Wall Street deals was rubbish. All we needed to do to avoid the crash, and now to correct the housing problems, was/is get rid of all those Republicans. Once they’re gone everything will be just fine. (I’ll bet quite a few people might agree.)
Must be, because Mrs. Clinton offered no other comments or plans on affordable housing or on how to address the nation’s housing problems. In fact, none of the current Presidential Candidates have addressed the nation’s housing issues one way or another. Maybe, the American Dream ain’t such a big deal anymore.
However, Hillary Clinton, although having accepted money from some Wall Street houses, previously made it quite clear that if need be, she would break up the Wall Street banks if she found they did not play by the rules. In essence, all the candidates have said the same.
Easy to say when all you need to do is change the “rules” to favor the big banks whenever there may a problem.