I quarrel with the idea that the community reinvestment act equaled loans to people who could not pay. Ditto Fannie Mae is not a horrible idea -- just apparently a really badly implementens idea.
However these are nits. I am sure there is plenty of blame to go around on both sides of the aisle and the article eloquently summarizes by objection to the bailout -- it encourages more of the same and amounts to socializing the risk and privatizing the profits. Dana On Tue, Sep 30, 2008 at 8:49 AM, G Money <[EMAIL PROTECTED]> wrote: > That's an awesomely simple explanation of how both parties ideologies > contributed to this mess. > > Republicans: "De-regulate!" > Democrats: "Please start lending to people who can't afford it!" > > Result? > > KABOOOM! > > On Tue, Sep 30, 2008 at 9:32 AM, Tony <[EMAIL PROTECTED]> wrote: > >> >> http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview >> >> i understand why it sucked to have this bailout! >> >> -- tony >> >> Better than a thousand hollow words, is one word that brings peace. >> -- siddhartha gautama >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271582 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
