^Incorrect^, as the poster said above it was Barney Frank (democrat), Maxine Waters (democrat), Harry Reide (democrat), Nancy Pelosi (democrat), that all pushed for the relaxed rules on mortgage lending when they had the majority that created the financial failure. There is no disputing that, & you can read the article that the poster sourced above for the proof.
Totally incorrect that Republicans were in charge of the practices, as they were in the minority in the House and Senate at the time. You are totally incorrect factually.
Incorrect Americans could prosecute the banks as it was the Congress 5 years ago that changed the rules and set the catasrophe in place. Stating you feelings as if they are facts, sir, does not make them so. You really need to read up on this subject and educate yourself, rather then sounding like a hack from MSNBC.
Yes indeed people are going to need to cut back in order for a recovery to happen. As in Greece, the U.K., and other countries, the USA is going to have to roll back all of the social and give away programs that we've gotten both the wealthy and the poor addicted to over the last 75 years.
If we don't control our borders and make people work for a days pay like we used to 100 years ago, the USA is doomed to a riots, and a fate like we've been seeing in lesser countries around the world.
