The effort increased the number of home buyers, goosing housing demand.īut investment banks loved what the government was doing and encouraged it. Elected officials encouraged the relaxation of mortgage standards, motivated by the noble goal of trying to get all Americans into homes - even low- and moderate-income people with poor credit histories. Rather than the old system in which a highly regulated bank would buy and hold a person's home mortgage, a system evolved whereby mortgage brokers would originate loans, bundle them, then quickly sell them to Wall Street, where the loans were packaged into securities, cut and sliced, sold and resold.Īnother factor was subprime loans, which are loans at higher interest rates made to people perceived to be greater lending risks. In a recent panel discussion on the crisis, Jay Light, dean of the faculty at Harvard Business School, likened it to a train wreck "caused by a collision of a collapsing housing bubble and a new but untested financial system." In reality, the crisis was caused by a "perfect storm" of economic factors with lots of blame to go around, both in the private sector and government quarters. McCain, as recently as March, bragged about the fact that he is a deregulator." Obama's side: "Let's, first of all, understand that the biggest problem in this whole process was the deregulation of the financial system. Obama and his cronies and his friends in Washington, that went out and made all these risky loans, gave them to people that could never afford to pay back." But you know, they're the ones that, with the encouragement of Sen. I'll bet you, you may never even have heard of them before this crisis. Here's the McCain version: "One of the real catalysts, really the match that lit this fire, was Fannie Mae and Freddie Mac. Both say they sounded warnings that could have lessened the problem, and both blamed the other for helping to cause it. John McCain and Barack Obama laid out their explanations of the root causes of the financial crisis. In the second presidential debate on Oct. You'll get some facts, but in a light that's most friendly to their client. 13, 2008) In this complex financial crisis, the presidential candidates have the biggest megaphone of all to help us understand the mess we're in.īut relying on them for an unvarnished view is like asking competing trial attorneys to provide the "facts" of a case. Animals Match-3 Platforms Visit Website Visit Website Categories Adventure Puzzle Simulation More Lists Games Like PolitiCats Games Like Water Splash PolitiCats vs My Oasis PolitiCats vs AdVenture Capitalist PolitiCats vs The Endless Forest PolitiCats vs Animal Crossing: Pocket Camp PolitiCats vs Cash, Inc.(Published Oct. If you love match-3 puzzle game with a fun cartoonish look and a somewhat generic storyline but with a twist, then you'll want to play Water Splash! The game can be played on both mobile and your browser (via Facebook). There's even a competitive mode, Match 3 Mania, for those competitive players out there. Like most match-3 puzzle adventures, this game features a ton of special power-ups and balloons fantastic animations, graphics, and sound as well as plenty of challenging levels (over 2500 in total) to enjoy. In this game, you'll be matching balloons with Oris the otter in hopes of retrieving the animal city's stolen water from the evil crocodile, Mr. After all, it's not everyday you can get a cat elected as the president! Animals Idle Water Splash Water Splash is a fun and colorful match-3 puzzle adventure game developed and published by Cookapps. Looking at the fiasco that is our politics these days, PolitiCats provides a nice, brief respite from all the chaos with refreshing humor and a fun relaxing gameplay. You'll first start from humble beginnings - as a candidate for Class President - and work your way up the ultimate position of Supreme Earth Cat.Īside from tapping incessantly, you can also get endorsements from Celebrity Cats like Kitty Purry, collect donations from your supporters, push forward your political agenda with your cat's special abilities, customize your cat's looks or even play as the world's most iconic kitty, Garfield, himself! In this game, you'll be playing your own cute and scheming cat candidate to realize your dream of world domination by assembling a team of humans to manage your campaign and election. PolitiCats vs Water Splash PolitiCats PolitiCats is a really adorable and yet whimsical idle clicker/tapper game that has a rather interesting political theme.
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