What you knew was that it was contrary to the narrative you have adopted.

Things that reject your narrative are dishonest while those that appeal to your sense of how things should go, like Phillips, are labeled as “accurate” and “independent-minded”.

It’s incorrect to believe that simply because people tell you what you want to hear, that they are accurate and independent-minded. It is also erroneous to believe that a narrative of events and an explanation of their causes becomes dishonest and a “bunch of bull” simply because it rejects the personal narration of an Ozzie.

So far, it looks as of there was plenty of blame to go around. I see fault with Democrats and Republicans alike.

I’ve been reading and watching interviews trying to figure out what happened.

So far, Kevin Phillips seems to have the most accurate and independent-minded assessment. . but this video , saying “Maybe it will change your vote,” is meant to manipulate.

Actually, Ymar, when the video said, “This might change your vote,” I KNEW it would be a bunch of bull.

And sure enough, while searching for a 1975 Harper’s article entitled “Seizing Arab Oil,” I stumbled upon this article, that featured the tagline:

Conservatives blame the housing crisis on a 1977 law that helps-low income people get mortgages. It’s a useful story for them, but it isn’t true.

http://www.prospect.org/cs/articles?article=did_liberals_cause_the_subprime_crisis

“On the last thread you pedaled this bunk I linked to sources that refuted your position. Did you not read them?” – Rock

Yes, so what if the guy was a Clinton apointee. That doesnt alter the fact that the Bush administration used the OCC to stop efforts by all 50 states to curb predatory lending.

The states passed legislation to head off financial crisis and the Bush White House stopped them.

Since when Has Oz ever cared about the decidedly “one-sidedness” of any of her reported figures, interpretations, and opinion pieces?

I know that Democrats are pinning it on Republicans and Republicans are pinning it on Democrats and that neither scenario is 100% honest.

Your scenario is not 100% true. And you deem yourself fit to decide the honesty of others, based upon a false and inaccurate premise? That’s certainly one way to do things.

Oz may not know what caused it, but Oz surely knows what’s dishonest in an ad. Yeah.

All 50 states passed legisation to establish controls, but the Bush White House blocked them.

On the last thread you pedaled this bunk I linked to sources that refuted your position. Did you not read them?
The man running the OCC was a Clinton appointee.
Don’t let the facts get in your way of blaming Bush for everything.
You have now become entirely too predictable.
Rehash.
on 24 Sep 2008 at 6:49 pm 21 http://www.bookwormroom.com/2008/09/24/doom-and-gloom/#comments
on 24 Sep 2008 at 6:58 pm 23

Many laws at both the Federal and state government level are aimed at preventing predatory lending. Although not specifically anti-predatory in nature, the Federal Truth in Lending Act requires certain disclosures of APR and loan terms. Also, in 1994 section 32 of the Truth in Lending Act, entitled the Home Ownership and Equity Protection Act of 1994, was created. This law is devoted to identifying certain high-cost, potentially predatory mortgage loans and reining in their terms.

Source: Wikipedia
25 state have anti-predatory lending laws on the books all passed before 4/2003.
Source: Acorn

I know you had a link to Spitzer saying this…but what proof do you have that it’s so? What actions did the Bush administration take?

I dont know what caused it.

This video suggests that the subprime mortgage crisis started it, and that it began during the Carter years. Kevin Phillips, on the other hand, says deregulation has been the buzzword for both parties for years and that it started during the Reagan administration, and picked up steam during the Clinton administration.

Everyone has a different take

I know that Democrats are pinning it on Republicans and Republicans are pinning it on Democrats and that neither scenario is 100% honest.

Why did the Bush administration aggresively prevent states from passing their own legilslation to curb predatory lending?

http://astuteblogger.blogspot.com/2008/09/obama-and-dodd-countrywide-was-on-their.html