LIBERAL POLICIES CAUSED THE HOUSING AND FINANCIAL CRISES, AND NOT UPPERCLASS OR CORPORATE GREED

FACTS HERE. (VIA GLENN.)

THE ARGUMENT THAT WALL STREET GREED AND LACK OF REGULATION CAUSED THE CRISIS IS AS FALSE AS THE ARGUMENT THAT THE USSR FELL AS A RESULT OF GORBACHEV, AND NOT REAGAN.

THE SIMPLE TRUTH:

• LIBERALS FORCED BANKS TO MAKE BAD LOANS AND THIS INFLATED THE HOUSING MARKET.

• THEN FANNIE MAE AND FREDDIE MAC PUT THE US TAXPAYER ON THE HOOK.

• IF THE GOVERNMENT HAD STAYED OUT OF THE HOUSING AND MORTGAGE MARKETS, THEN THERE WOULD HAVE BEEN NO BUBBLE AND NO CRASH.

• AND THE TAXPAYER WOULDN'T HAVE BEEN LEFT HOLDING THE BAG!

GOVERNMENT IS THE PROBLEM, NOT THE SOLUTION.