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Another Depression?
#18
Did any body hear Spuds rant on GRD last Friday? It kind of went something like this: Way back in the 1980's in an effort to stick up for and help the poor and middle class, liberal democrats like Barney Frank, Chris Dodd, and Ed Kennedy, sponsored and passed legislation liberalizing lending practices and mandating that Banks lend loans and mortgages to to "less than qualified" loan applicants. At first this was just fine as the number of people truly qualified to receive a loan far exceeded the number of people who didn't and the banks still more than profited.

But as the years went by, because of the legislation and easy money, the number of unqualified "dead beats" grew to the point where banks were no longer very profitable and in fact failed. Spud went further asking why do we want to pour more legislation written by the same liberal bunch of congressmen that created this boondoggle in the first place? Good question. Every body wants to blame rich wall-street fat-cats, which I agree share some blame, but don't look any further than left wing congressmen to stack most of the blame on.
"Sir, You need to get out of your car, there is a train comming."
"Why ummm... uhhh did you ummm... feel the need to errrrr, god why can't I type!!"
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