Diary

The Real Culprits In This Meltdown {Redacted}

The Real Culprits In This Meltdown

By INVESTOR’S BUSINESS DAILY | Posted Monday, September 15, 2008 4:20 PM PT

Big Government: Barack Obama and Democrats blame the historic financial turmoil
on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime
reason for it.

Read More: Business & Regulation

Obama in a statement yesterday blamed the shocking new round of
subprime-related bankruptcies on the free-market system, and
specifically the “trickle-down” economics of the Bush administration,
which he tried to gig opponent John McCain for wanting to extend.But it was the Clinton administration, obsessed with multiculturalism,
that dictated where mortgage lenders could lend, and originally
helped create the market for the high-risk subprime loans now
infecting like a retrovirus the balance sheets of many of Wall Street’s
most revered institutions.

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The Real Culprits In This Meltdown