> Sam wrote: > So your blaming the crisis on derivatives instead of bad-subprime > loans so you can take the blame off Obama and pin it to McCain. >
Home loans are simply *one* of the many vehicles for this problem and as I've said a zillion times, add up every single sub-prime and you still only come to $1T. That's not the problem. It's the shadow banking system which is larger than the normal banking system But if you'd like to create an accountability map, it would look like this: (1.) Phil Gramm that created it (2.) Clinton that signed it into law (3.) Bush for letting it flourish and get out of control. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:274088 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
