It was Bush’s policies that created the mess, but (😱) it was Obama who allowed i) the bailouts the happen, ii) the actions to go unpunished, and iii) the system to continue.
I also thought the Obama bailouts were largely if not completely repaid with interest, albeit with interest rates that were close to zero at the time.
Also Dodd-Frank was a good law and gave us the Consumer Financial Protection Bureau. Which until Trump and Doge killed it, was actually putting a small dent in financial crimes and credit card predators.
Guess again.
It was Bush’s policies that created the mess, but (😱) it was Obama who allowed i) the bailouts the happen, ii) the actions to go unpunished, and iii) the system to continue.
https://youtu.be/wb9qikdg3M0&t=14m20s (FD Signifier)
I thought Bush signed the TARP law to give bailouts and Obama signed Dodd Frank that cut the amount of the bailout.
I also thought the Obama bailouts were largely if not completely repaid with interest, albeit with interest rates that were close to zero at the time.
Also Dodd-Frank was a good law and gave us the Consumer Financial Protection Bureau. Which until Trump and Doge killed it, was actually putting a small dent in financial crimes and credit card predators.
glass steagal passed under clinton