08-13-2009, 04:35 PM
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Senior Club Cobra Member
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Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
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Not Ranked
Frankly, I just don't see putting the blame entirely on Bush. We've been headed down this path for many years and there is plenty of "blame" to go around.
I recall when I was looking to buy another house a few years back and getting approved for a $500,000 loan on an income that would NO WAY justify that. With a tiny down payment to boot. THAT was my first clue something was really wrong with the real estate market. I turned it down, didn't want to borrow money from a bank that was stupid enough to lend me that much! 
The real point is: What are going to do about the crisis now? It's a pretty deep hole were in.
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