Originally Posted by Fyrenza

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.


like the bubble the dems (namely FDR) created when Fannie Mae was created

then, in '68, another dem, LBJ, privatized Fannie Mae

and in '99 yet another dem, clinton, encouraged loosening the requirements for a FM loan, to the point that people could just outright lie on their applications and the sellers would help you do it

seems to me that bush just got fed up with the cry-babies, said "Fuck you very much" and completely dropped the anti-predatory lending rules

which was what the dems wanted so that everyone could own a house
whether they could afford it or not



i have no intention of trying to change your opinion/decision
its just that history has a bad habit of repeating itself if you can't see where it all went wrong the first time