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Net54baseball.com Forums - View Single Post - O/T: Whats wrong with the world today.
Thread: O/T: Whats wrong with the world today.
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Old 04-03-2009, 08:57 PM
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Default O/T: Whats wrong with the world today.
Posted By: Jamie Boneparth

Ted,

I agree that Clinton made that mistake and that partly caused the housing bubble, but the main factor was that China was aggressively buying our treasury bonds which artificially lowered mortgage rates, inflating the values of all homes...

Also, remember it was Bush's dream to have every American own their own home. My point is that it is a larger systemic failure and can NOT be blamed on one person.

Jamie

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