reply to jester121
Re: Some investors are not very smart. Yes, under the Bush Administration, because in the end he has veto power. The 2005 Regulatory change that opened the door wide open to predatory lending is directly linked to his administration.
To what 2006 Congress has anything to do with 2005 I have no idea, but it seems you are grasping at straws here to make it look like it is all the Democrats fault. No matter what facts are out there it sure seems like you don't want to blame Bush, I really don't know why.
I guess you missed this part of the "I'm just a bill" :
I'm just a bill
Yes, I'm only a bill
And if they vote for me on Capitol Hill
Well, then I'm off to the White House
Where I'll wait in a line
With a lot of other bills
For the president to sign
And if he signs me, then I'll be a law.
How I hope and pray that he will,
But today I am still just a bill.
Boy: You mean even if the whole Congress says you should be a law, the president can still say no?
Bill: Yes, that's called a veto. If the President vetoes me, I have to go back to Congress and they vote on me again, and by that time you're so old...
Boy: By that time it's very unlikely that you'll become a law. It's not easy to become a law, is it?