Yabby,

You can’t have it both ways:
"Barack Obama on Thursday laid much of the blame for America's unfolding credit crisis on the financial deregulation of the 1990s in his hardest hitting attack so far on the economic legacy of Bill Clinton's administration."
http://us.ft.com/ftgateway/superpage.ft?news_id=fto032720081349315803

What do you suppose Obama was referring to Yabby?
Do you think it might have been Clinton’s repeal of the Glass Steagall Act, which many believe “exacerbat(ed) the damage caused by the collapse of the subprime mortgage market that led to the Financial crisis of 2007–2010”
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act

I don’t suppose that Obama, as a former ACORN agitator, would be referring to Clinton’s reforms which “establishe(d) the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act”.
http://en.wikipedia.org/wiki/Community_Reinvestment_Act

Hmmm…

Remove the safeguards which stop banks speculating in mortage investments (ie repeal Glass Steagall) while simultaneously mandating increased home lending to minorities (ie expand the CRA) irrespective of their credit risk.
What could go wrong, as long as housing prices continue to increase?

Disturbingly, $180 billion of taxpayer bailout later, Fannie Mae and Freddie Mac are back in the loans for drones game with their new, no cash down, 100% of valuation “Affordable Advantage” loans.

What could go wrong?

Ah Proxy, you seem to conviently forget the role of the SEC
in regulation of the US financial system. George and Dick
decided that the financial system could regulate itself, the
SEC was turned into a toothless tiger, even FBI officials working
on corporate crime were diverted by their hundreds into
searching for Osama bin Laden under the beds, the rest is
history!

Had enforcement of available regulations taken place, the GFC
would not have happened. George had 8 years to change the
Glass Steagel act, he did nothing, apart from ask God to
advise him. Clearly god didn't give him very good advice!

Had Obama let AIF sink, let the major banks sink, let GM, Ford
and Chrysler sink, what do you think would have happened?
How many dominoes would have fallen until it ended?

Oh Yabby.. self destruction is not a good look mate. (yours)

Your chain of self immolation in your few posts there is a site to be seen.

Attributing 'trailer trash' to the 20 million americans who are glued to fox (Hannity alone) and the 15million clinging to Beck is just vacuous nonsense.

Proxy brought you back into line with his "Obama plan for Hispanic voting block" expose' but you seem to need some more 'attention'. (err like a rubber hose liberally applied to your brain ? :)

BECK and FOX and OBJECTIVITY.

You miss the mark by so much you would not even be accepted into a 'special school' mate.

Beck has traced back in great detail using well informed experts (yes.. real experts) -the history of America from 'Genesis to Revelation' and Americans are waking up. Do you see people clambering to join up with say Rush Limbaugh ? nope.. he is strong on rhetoric but weak on substance.

Yes..Bush needed to go, but Obama came in by default rather than good policy.

Now..Obama, drunk as a skunk on the rush of power, has been exposed as the Socialist power monger that he really is.

Van Jones
Apollo Alliance
Al Gore
Weather Underground
-Jeff Jones
-Bernadette Dorhn
-Bill Ayers
Unions. Stern being his most frequent visitor at the whitehouse.
Refuge Cities and flagrantly neglecting his legal responsibilities to protect the border

It just goes on..and on...and on..and on.

FLATUS is on the nose too, with her tax-payer funded jaunt to Spain while the rest of the country is doing it tough.

Not so Proxy. A large share of America is still doing very well.
Just look at how they scramble for their i-phones and i-pods,
millions of them.

In fact some of America's largest corporations are sitting on
over 800 billion $ in cash, wondering how to spend it.

Yes, Michelle and her daughter took a holiday, along with a bunch
of friends. She's paying her own personal expenses. So what?

Blame your friend George for driving the American economy into
the ground, not Michelle. AFAIK she does not even work for the
American Govt, they don't pay her a wage for her services.

This is as petty and small minded as Clinton's bit of oral sex,
which fascinated and obsessed the conservative conservatives for
years! How small minded of them, and you. Never mind the disaster
created by the last bunch of republicans, we'll just focus on
some trivia and turn a molehill into a mountain

Yabby,

It's fascinating to watch how your bias subverts your ability to reason.
Is it deliberate or reflexive?

<<In fact some of America's largest corporations are sitting on
over 800 billion $ in cash, wondering how to spend it.>>
Yeah, we all know how well the economy must be doing when the smartest people liquidate their investments and stick them under the mattress.

<<This is as petty and small minded as Clinton's bit of oral sex>>
CEO soliciting oral sex from intern in boardroom, denies accusations
= sexual harassment, abuse of power and sacking.
Liberal icon president soliciting oral sex from intern in oval office, denies accusations under oath
= private issue, smutty-minded Republicans and elevation in mind of like-minded devotees.