re: #354 blueraven

They had control of both houses and the presidency…why didnt they do something?

Because this “Republicans warned about the bubble” is complete bullshit. In fact, most Republicans in Congress, as well as supply-siders, denied the existence of a bubble right up until the financial meltdown.

The housing crisis had many fathers from both parties — but both the economic policy of the Bush Administration (cutting taxes, encouraging consumption) and the Alan Greenspan Fed didn’t just do nothing to combat it. They both amplified the crisis and left the Treasury with a giant deficit before the current depression.