No Suprise, a person with common sense without any financial knowledge can see majority of people would default on a 30-40yr loan, if they can’t even pay their CC on time, they have no savings,no downpayment, no emmergency account..hello why do you think they could afford a house!!!

…wow…sounds like they were all in on it…the Govt and Banks…
Predatory lending is what it came down to…plus the gullibility and ignorance of the buyer!

What’s the use of warning Bush? It’s like telling a child to stop something because he will get hurt. 10 minutes later he’s crying for mommy.

No surprise here. He’s the jerkwad who ignored the PDB titled “Bin Ladin Determined to Strike in US”.

haha, now the british own you. Thats what you get for being twats

He was warned about 9/11 too, but he is too busy caring about his own interests to care about what is important

Naomi Klein’s theory of disaster capitalism says how the gov’t just lets **** happen so they can cash in when the **** hits the fan

Give the banks what they deserve nothing!

The Bush administration’s tactic of covering criminal neglect and wanton corruption with an air of nonchalant incompetence and arrogantly disregarded scandal, and then foisted such upon the American public until the volume of repetition brought the average American to feel fuck-up fatigue from the sheer weight of their contempt … the damage the Bush administration has done to this nation will be a test of the Obama administration to correct, and a trial for the Department of Justice to endure.

Deregulation does not work. Reagan was wrong. Every deregulated industry has quickly gone bankrupt and needed a government bailout.

Capitalism needs a strong regulatory structure in which to function.

Savings and Loans
Airlines
Banks