The five worst presidents in the history of the united states

[BettorsChat]

The housing crisis didn't start with Reagan. I bought my first house in 1990, and no bank would touch a borrower unless they had 20% down payment. I had to get a "gift" of $5,000from my in laws just to qualify for the 20%. The gift letter had to be signed by them stating that there were no repayment terms. That was just one of many hoops we had to jump through to qualify.

With all due respect, Reagan had nothing to do with the housing bubble that led to our current situation. He left office in January 1989, a full 10 1/2 years before Clinton and Congress let insurance companies and investment brokers make mortgage loans and provide other banking services.

You can blame Reagan for many things, but the current crisis began in 1999. Housing for everyone is a great idea, but deregulation let anybody with a pulse buy a home with 0% down.

Who said that the housing crisis began with Reagan?

Reganomics screwed up a lot by giving banks more power. Banks account for 52% of our GDP which is absurd. The banks made shit loans on homes and shitty paper trades. Now that they got money coming in who are they helping? They aren't loaning money to small business and to get a house you have to jump through hoops even if you put down a shit load.

The eroding of middle class has been going on since Reagan years. The gap continues to widen.

[efaw23]

Efaw, come on over for dinner pal. Nice bacon wrapped filets, I'll throw one on the grill for you

I wouldn't want to break up your date you already have have planned. I never seen ignorance celebrated like this before. You guys have fun this evening high fiving and chest bumping after making insensitive posts.

[BettorsChat]

I wouldn't want to break up your date you already have have planned. I never seen ignorance celebrated like this before. You guys have fun this evening high fiving and chest bumping after making insensitive posts.

Why are you falling into what I call bait and trap?

[jcheckers]

Is there a rule against posting my political opinion, in the political forum oh let's see because I'm not one of your little minions it could be a problem.

Ok I understand. Guys in here on a nightly basis call me names for posting and nothing is done about it. Which is fine because I'm not the only one noticing it here.

[robby_morini]

Who said that the housing crisis began with Reagan?

Reganomics screwed up a lot by giving banks more power. Banks account for 52% of our GDP which is absurd. The banks made shit loans on homes and shitty paper trades. Now that they got money coming in who are they helping? They aren't loaning money to small business and to get a house you have to jump through hoops even if you put down a shit load.

The eroding of middle class has been going on since Reagan years. The gap continues to widen.

You said that this downfall started before 1999. This downfall is a direct result of the mortgage meltdown created by the deregulation of the banking institutions in 1999. Many of the top 10 bailout recipients were investment advisors, auto companies, and insurance companies. In 1999 they were allowed to get into the banking industry.

AIG, Morgan Stanley, Goldman Sachs, GMAC, Chrysler to name a few. These companies weren't banks until 1999

Freddie and Fannie Mae standards were loosened so that anyone could qualify.

Everyone got greedy and now we will all pay for years to come.

Who's fault was it for the tech crash in the early 2000's?

There have been many cycles since Reagan left office in 1988.

He may have been responsible for the S&L Thrift crash in the early 1990's, but the RTC was dissolved many years ago, ending that era.

[BettorsChat]

You said that this downfall started before 1999. This downfall is a direct result of the mortgage meltdown created by the deregulation of the banking institutions in 1999. Many of the top 10 bailout recipients were investment advisors, auto companies, and insurance companies. In 1999 they were allowed to get into the banking industry.

AIG, Morgan Stanley, Goldman Sachs, GMAC, Chrysler to name a few. These companies weren't banks until 1999

Freddie and Fannie Mae standards were loosened so that anyone could qualify.

Everyone got greedy and now we will all pay for years to come.

Who's fault was it for the tech crash in the early 2000's?

There have been many cycles since Reagan left office in 1988.

He may have been responsible for the S&L Thrift crash in the early 1990's, but the RTC was dissolved many years ago, ending that era.

The downfall of the erosion of the middle class started 2 to 3 decades ago.

And on the deregulation of the banks it was a deal that was bought and paid for by the banks. And now the Supreme Court allows these same people to donate as much as they want to any one candidate.

Clinton, Republicans agree to deregulation of US financial system