2016 Postmortem
In reply to the discussion: Clinton "I was the candidate who went to Wall Street before the crash." [View all]SheilaT
(23,156 posts)those of us who were paying any attention at all were very aware of a lot of what was going on in the home lending business. We didn't know the details, of course, but it was pretty common knowledge that there were subprime loans out there, that people were being given mortgages who had no business with one. And there was a general awareness of mortgages being sold off, although exactly what that was about wasn't apparent to most of us.
Home prices had skyrocketed in various places. Foreclosures were climbing. Subdivisions were being built but no one was buying in them.
And Hillary Clinton went to Wall Street and told them to stop. What an effective thing to do!
Besides, hadn't she already voted on legislation that made much of that crash possible? And she didn't exactly call for actual consequences of the trashing of the economy. Nope. They were bailed out at taxpayer expense, gave themselves huge bonuses and did nothing at all to help out the unfortunate homeowners caught by their criminality.