"the previous (Bush Administration was...."

Now, now.....

Wall Street Mess WAS The Fault Of Democrats...
The Democrats are doing what they do best, and that is blaming anyone but themselves for the economic bubble burst which was precipitated by the downturn in the housing market and now with Lehman Brothers.

It started in 1977 with the Worst.President.
In 1977, Carter, along with a Democrat Congress, created a worthy project with noble intentions — the Community Reinvestment Act. Over strong industry objections, it mandated that all banks meet the credit needs of their entire communities.

In 1995, President Clinton imposed even stronger regulations and performance tests that coerced banks to substantially increase loans to low-income, poverty-area borrowers or face fines or possible restrictions on expansion. These revisions allowed for securitization of CRA loans containing subprime mortgages.
By 1997, good loans were bundled with poor ones and sold as prime packages to institutions here and abroad. That shifted risk from the loan originators, freeing banks to begin pyramiding and make more of these profitable subprime products.

Under two young, well-intended presidents, therefore, big-government plans and mandates played a significant role in the current sub-prime mortgage mess and its catastrophic consequences for the U.S. and international economies.

Hardest-hit by the mortgage foreclosures have been the citizens that Democrats always claim to help most — inner-city residents who fell victim to low or no down payment schemes, unexpected adjustable rates, deceptive loan applications and commission-hungry salespeople.

Now we're having to bail out at huge cost Fannie Mae and Freddie Mac, the very agencies that were supposed to stabilize the system....recently thy asked for more bailout money for themselves!

Democrats are fond of using the word "deregulation" as an evil term, at least when something is deregulated under a Republican Administration.

But this is exactly what Carter and Clinton did, they deregulated the mortgage industry and, to a lesser extent, the banking and financial sectors of the market. Dem "deregulation" brings the results we now see taking place.

Oh well, the hurricane was God's punishment...wasn't it???

Carter and Clinton and their band of Little Socialists forced lenders to provide risky loans for people who didn't financially qualify for the loans

Yamaha...Motif ES-8, Motif Rack, CS6X
Korg...Karma,Triton Classic, PA-80, M-1+
AkaiSampler-S5000, Roland.. X5080 Rack/G-1000 Arranger
Various Guitars/Basses Amps Pedals Rec.Equip.


Plus, BIAB 2015 and Sonar Platinum 2015 Upgrade from Cakewalk's Sonar X-3