The Golden Lounge

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FACT – Banks were threatened and forced by the Clinton administration into lending to those who could never afford a mortgage/loan. In other words approve loans to those who normally would be declined a loan. Government forced banks into lending without background checks, collateral or ability to repay.

FACT – The Bush administration tried 11 times to prevent and regulate bad bank lending practices to curtail the crisis we are now experiencing.

FACT – Every time the Bush administration warned and tried to remedy the looming disaster, the Democrats on the finance committees and others blocked each and every attempt.

This is all documented, including New York Times articles...


Sadly, much as the Times and its liberal colleagues conveniently forgot and/or ignored all American history prior to March 2003 in order to blame the nation's problems on Bush and the invasion of Iraq, the authors of this disgrace omitted and/or skirted over virtually all the relevant pieces of legislation and issues that led to our current financial crisis -- as well as articles on the subject published by their very paper!!!