> RoMunn wrote: > > Bush didn't sell mortgages to people who could not afford mortgages and were > bad investment bets.
Dude. That's all bullshit. If you actually took 10 seconds to get your information from a credible source instead of that bullshit you're always reading you wouldn't be so ignorant. Perpetually. So I"ll repeat the facts for you that you keep ignoring: 1.) The ENTIRE sub-prime market - every single mortgage - is LESS THAN $1 T. 2.) Of that entire market, LESS THAN 10% are under right now. 3.) That means to solve the problem you keep harping on would cost AT MOST $100 Billion. so you're wrong. Just look at the basic facts. But as with all lies, there's a grain of truth. The truth in this case is that Congress did force the GSEs to lend to sub-prime BUT THEY DIDN'T. They got around the requirement of lending to sub-prime by buying MBSs. That in turn created a market for CDOs which then encouraged investment banks to go loonie. But simple regulation would've prevent all of that. Regulation Bush could've enacted with no congressional oversight. So I get that you have to tell yourself lies to sleep at night. But forward this post to your psychologist so that when your therapy finally allows you to start dealing with the truth, it'll be easily accessible for him/her to work through with you. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:289369 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
