president hoover

[ajama11]

president hoover tried to improve U.S foreign policy in the early 1930s by all of the following methodes except

[ladyalex]

Nice one, DT

[Cowtipper]

A great deal of attention gets put on one individual but Hoover didn't create the problems or name shoe leather. Huge amounts of loan defaults from Europe was the second reason for the Depression. The first was over speculating in an already spiraling economy.

[DTCwordfan]

a potential raffle prize for mamya's Sat night - a brick from the bottom of the Hoover Dam, lady alex.....they will be gushing for that, I think.

[DTCwordfan]

with greedy Wall St bankers leading the way back then - a familiar story perhaps.......

[MickeyTheBrick]

LOL. Mike's arrogance is breathtaking! Is he for real?

[DTCwordfan]

oh Mike is fine - just a proverbial shittstirrer like a lot of us......

[Cowtipper]

I had a short stint in a mortgage company before the housing collapse. Companies were willing to lend money to anybody. People with no visible means of support could get a no-document loan(they stated their own income instead of proving it). They took out adjustable rate mortgages with an interest rate fixed for two years. When they failed to re-finance when that rate was up the balloon doubled their payments. Defaults started, consumer confidence fell combined with foreign investment withdrawal and suddenly there was a problem. It doesn't take long to crash the world's economy. Surprisingly enough its the US is the only one I've seen blamed for bringing down the economy of 193 other countries.

[DTCwordfan]

well I guess it must be fun being a province of China now, albeit a large one. How is Governor O'Bama?

[Cowtipper]

LOL! About like you'd expect. It used to bother me that we borrowed money from the Chinese to bomb other countries, but then I found The AnswerBank and it distracted me.

[DTCwordfan]

Stay around, Cowtipper, and AB will take over China and run the world.......(the mind boggles at some of the folk around here becoming Ministers/Sec of State etc etc)

[boxtops]

Can I be Chancellor of the Exchequer, please? or if not I'll do Health (bother, I can't, I would have to declare a vested interest).

[DTCwordfan]

Can't wear vests at Cabinet meetings, boxtops. We do expect some decorum.

[ladyalex]

I'll happily sit on the Woolsack

[Cowtipper]

I'd like to be head of research in the Department of (extramarital) Affairs

[DTCwordfan]

I think I will go for Governorship of Italy, (for the food and take over Berlusconi's bimbettes) - no, President of the Isle of Man, New Zealand or Vermont will do me well.

[Cowtipper]

Don't you know its freezing in Vermont half the year?

[DTCwordfan]

yep love it up there.....Stowe.

[mike11111]

The only thing I know about Vermont is that during the 1972 election Nixon won 49 states, the only one to vote for the hapless George McGovern was Vermont. Even Massachussetts voted republican.

[Jemisa]

I've heard of pres Hoover and I'm only 29 (cough cough)

I Heard he was a ruthless bully, a gangster, he was corrupt, a theif, blackmailer, & ruled by threats.

jem

[DTCwordfan]

Home state for him, I think, Mike.....