I found the video Youtube banned. http://www.dailymotion.com/video/x6wxmr_burning-down-the-house-what-caused_news
On Tue, Sep 30, 2008 at 11:28 AM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> gMoney 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? >> > > The "it was frannies fault" argument is BS. They didn't make the > loans. Period. > > And it's not that rules were "relaxed" to lenders, although that didn't help. > > The problem was that lenders could lend & sell (i.e., not bear the > risk) and the buyers didn't know what they were buying. And for 14 > years people have been saying that's a recipe for disaster and the > government let it ride because Wall Street said, "don't worry". > > On top of that, the gov't allowed Wall Street to borrow 35x their > worth to buy and sell these packages. > > It's a regulation problem that's been known about for a decade and 1/2 > and it boils down to the government allowing the lenders to lend other > people's money. > > If was lending Robert's money, I would take risks that I sure wouldn't > with my money. > > And therein lies the problem. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:271638 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
