is it right?

[Louis VI the Fat]

Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of anglo-style freemarket fundamentalism - the real culprit.

[rant]
Europe didn't have a credit crunch. Neither did East Asia. America had one. Then this spilled over to the global financial system and the cardhouse came crumbling down, dragging everybody along into the abyss.

Our banks are doing okay. Nor do we live on credit the way Americans do. Yet we are dragged down into crisis and the ensuing global recession. Or, America had the party, we, the neighbours, get to clean up the rubbish the following morning.
Beyond bearable too is that America borrowed the money when the dollar was weak, i.e., they got tremendous value. Since the crisis unfolded the dollar has shot up in value. So America gets to pay back its loans on favourable terms. In other words, not only are the neighbours cleaning up the mess, they find out that they are the ones who actually footed the bill for the party too.

We are to America what the US taxpayers are to investment bankers. No matter how prudent we are about our own finances, we are the ones ending up paying. And no matter what happens, before or after the party, we pay for their caviar.
[/rant]

[Strike For The South]

Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of anglo-style freemarket fundamentalism - the real culprit.

[rant]
Europe didn't have a credit crunch. Neither did East Asia. America had one. Then this spilled over to the global financial system and the cardhouse came crumbling down, dragging everybody along into the abyss.

Our banks are doing okay. Nor do we live on credit the way Americans do. Yet we are dragged down into crisis and the ensuing global recession. Or, America had the party, we, the neighbours, get to clean up the rubbish the following morning.
Beyond bearable too is that America borrowed the money when the dollar was weak, i.e., they got tremendous value. Since the crisis unfolded the dollar has shot up in value. So America gets to pay back its loans on favourable terms. In other words, not only are the neighbours cleaning up the mess, they find out that they are the ones who actually footed the bill for the party too.

We are to America what the US taxpayers are to investment bankers. No matter how prudent we are about our own finances, we are the ones ending up paying. And no matter what happens, before or after the party, we pay for their caviar.
[/rant]

ribbit

[Hooahguy]

Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of anglo-style freemarket fundamentalism - the real culprit.

so no blame to the thousands of bad loans bankers gave? all of it is bushs fault?
wow.

[yesdachi]

so no blame to the thousands of bad loans bankers gave? all of it is bushs fault?
wow.

I am only a reflection of my management said the banker

[Uesugi Kenshin]

so no blame to the thousands of bad loans bankers gave? all of it is bushs fault?
wow.

I think you can blame the people who gave out or traded in bad loans, but I think you can place a lot of blame on the administration because they led the deregulation charge which helped make a lot of this possible, though they certainly aren't the only culprits.

[Louis VI the Fat]

Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of Anglo-style freemarket fundamentalism - the real culprit.

so no blame to the thousands of bad loans bankers gave? all of it is bushs fault?
wow.

Not all of it is Bush' fault. On the contrary. I named as the real culprit Anglo-style freemarket fundamentalism.

[CountArach]

Yes

[Ice]

Not all of it is Bush' fault. On the contrary. I named as the real culprit Anglo-style freemarket fundamentalism.

I would say the vast majority was not Bush's fault.