I'm afraid you are the one who is wrong. The crisis was caused by house flippers and other speculators. Many honest people who only wanted a home were foreclosed on because they lost their jobs in the aftermath of the collapse. That is true. But aside from some idiots who couldn't understand their Truth-in-Lending statements or didn't pay a pittance for a lawyer at closing to explain it to them, people had a pretty good idea what they were getting into. Simon Legree didn't plot to take their homes away.
I feel for those who lost their jobs and homes, but feel only contempt for those who reneged on their debts because they decided the house wasn't worth it anymore.
Inability is the ONLY excuse for not honoring one's debts.
Why does Medicare need "reform"? Is it somehow corrupt? And Obama had his chance to stop the Bush tax cuts with a stroke of the veto pen. Does he seriously think that the House will go along with repeal?
Smoke and Mirrors. More campaign lies from the man who pretends to be a Democrat but serves Wall Street and the CEO's.
Would you have rather had Nancy Pelosi and congress in charge of deciding who got the 1 trillion in bailouts that the fed pumped into the world economy...
Yes! I would!
I hope Jerome did not mean that we should not have a central bank, but that bank should be answerable to the public through its elected representatives, not answerable only to an oligarchy of billionaire bankers.
Eating up all the money? You mean eating up all the money that was paid in by SS taxes? There's still 2.5 trillion of that left. Oh, I forgot, Bush, Clinton, and Bush "borrowed" it. And of course it never has to be paid back to the people who paid it. Just used to fund more tax cuts.