Stock market is doing great again. Constantly breaking new high territory.

[UCFKnight85]

What we are seeing in the DOW is probably a healthier level of market forces than we have seen in a long time. With all of the money being repatriated, stocks should be soaring. Instead, that money is going into other investment that directly affects workers and small business owners. There's no doubt that over the previous 7 years we saw an unhealthy level of inflationary pressure on the market and it expanded the divide even further. We are now seeing growth where we need it and stagnation where things went too far, which is a much better option than balancing things out by the market crashing.

Exactly. If these people would stop crying about Trump for ONE second they’d realize this.

Now is actually a great buying time. I’m going to load up on my favorite ETFs.

 

[DaShuckster]

The banks did not cause the fiscal crisis of 2008, Sub prime loans were shoved on them by the Federal gov't. Jimmy Carter started it and Bill Clinton took it to new levels. And Bush did nothing to curtail what Clinton did.

Good grief, what a load of GOP bullsh*t!

No one or no political party is clean in the history of that whole mess but please spare us your revisionist history.

Simply put, in the early and mid-2000s, high-risk mortgages became available from lenders who funded them by cleverly repackaging them into pools that were sold to investors. The end result was it enabled first-time homebuyers to obtain mortgages. My memory ain't what it used to be but I distinctly recall President Bush touting these subprime loans as a wonderful way for newbies to purchase their very first home. Awwwwwww...

"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."

- President George W. Bush, Oct. 15, 2002

Guess what? Homeownership rose, the demand went up, and housing prices skyrocketed in some areas and....well, you know the rest of the story.

But let's just say it was Jimmy Carter's fault and go back to praising Donald Trump. We all know all the bad stuff that happens to us is the fault of those evil Democrats, right?

 

[UCFKnight85]

Good grief, what a load of GOP bullsh*t!

No one or no political party is clean in the history of that whole mess but please spare us your revisionist history.

Simply put, in the early and mid-2000s, high-risk mortgages became available from lenders who funded them by cleverly repackaging them into pools that were sold to investors. The end result was it enabled first-time homebuyers to obtain mortgages. My memory ain't what it used to be but I distinctly recall President Bush touting these subprime loans as a wonderful way for newbies to purchase their very first home. Awwwwwww...

"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."

- President George W. Bush, Oct. 15, 2002

Guess what? Homeownership rose, the demand went up, and housing prices skyrocketed in some areas and....well, you know the rest of the story.

But let's just say it was Jimmy Carter's fault and go back to praising Donald Trump. We all know all the bad stuff that happens to us is the fault of those evil Democrats, right?

My God you’re a sensitive Nancy. That’s exactly what he said, hence the “Bush did nothing to curtail it@ comment. Do you REALLY think the legislative push to get people into homes at any cost started in 2000?

Since you apparently can’t find this on your own, here’s part of a CNBC article from 2016 that looked at Bills role in the housing meltdown.

“Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.”

 

[DaShuckster]

That’s exactly what he said, hence the “Bush did nothing to curtail it@ comment. Do you REALLY think the legislative push to get people into homes at any cost started in 2000?

If you truly believe this was all about Bill and poor Georgie had nothing really to do with it, then you're playing the same revisionist history game. Bush promoted it as a prime example of how "more caring" his administration was. Truth is, the only ones who truly got bashed in the end by these sh*t subprime mortgages were the very people he said he was helping.

 

[Crazyhole]

If you truly believe this was all about Bill and poor Georgie had nothing really to do with it, then you're playing the same revisionist history game. Bush promoted it as a prime example of how "more caring" his administration was. Truth is, the only ones who truly got bashed in the end by these sh*t subprime mortgages were the very people he said he was helping.

Your arguing with 85 is like trying to decide what side of the coin is worse. Nobody says that Bush wasn't involved in the whole ordeal, and he deserves a lot of blame for embracing practices that were dangerous. There is plenty of blame to go around and a ton of people who were involved on many levels.