- Joined
- Feb 23, 2015
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- 26,271
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- Slightly Liberal
Glass steagal had little to do with the Subprime fiasco.
Its a Red herring pushed by people who refuse to acknowledge reality.
2 years prior to Glass Steagal ( 1998 ) Freddie Mac securtizied the FIRST large bundle of MBSs backed by Subprime loans and guaranteed 380 Million dollars in Subprime backed securities
From 1998 to 2004 the GSEs purchased securtizied and sold off as " AAA " MBSs hundreds of Billions of dollars in Subprime debt
YOU are the LAST person to talk about the bubble and crash. You've had your ass handed to you on this issue over and over, yet you never learn.. And oh, BTW the very 1st time you and I discussed this was because YOU mentioned and blamed Bill Clinton for the crash because he signed Gramm-Leach-Bliley. I then pointed out it was a Republican bill, then you changed your tune to now say GS had little to do with the fiasco? LOL
Like I said, you of all people here can not be taken seriously. Your partisan blinders render all your statements on this subject useless.
Have a nice day.
As for the rest here, this issue has been done to death. And I'm not going to rehash it yet again. If the Republicans here believe it was all the Dems fault, then believe it. Stay ignorant about what went on, and because of politics let YOUR GOP politicians who **** on you skate yet again. They took Wall Streets side before during and after the crash. But keep defending them, WS is putting more money in their pockets anyway. So keep excusing them them and keep voting for them. I no longer care.
Impending elections of Dems caused it??? It was a liberal idea so that excuses the GOP? Unbelievable!! Sometimes you guys deserve to be **** on.
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