LEE KRAMER'S ROOM: With Views

[hap0206]

what happened in 2008 was a housing/mortgage bubble caused by remocrats and depublicans agreeing that people could buy any house they admired and get 100% financing without providing any personal financial information -- and the insurance companies provided policies guaranteeing the credit worthiness of these mortgages bundled into securities of of large face amounts

then someone said

hey, there is no substance to these securities

and the air went out of the balloon

W went along with the idea of "no personal financial info required"

so he deserves a big part of the blame for the crash

even though it was a dem program

just saying

hap