Quote:
Originally Posted by jwb
Yeh but that was a Clinton era policy. And Clinton was always credited with having a great economy. That's kinda exactly what I mean...
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I thought it was deregulated under Bush. That's kind of what we mean when we say it usually takes longer for somebody to put us in a recession. Policies typically don't have an immediate effect.
Edit: And that wasn't they only lending policy that added to the 2008 recession, it's just the most notable one.