It's amazing just how stupid the liberal media thinks we all are.
WASHINGTON (AP) — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
Okay, but did you review any video…?
Again, for those of us who don't rely on The Associated Press for information, this is review.
Lame, AP.
Enjoy your layoffs.
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