WillyTex wrote: > >>> Maybe so, but not very many people take >>> Economics in school until they reach the >>> college level... >>> >>> > Bhairitu: > >> You're the one who doesn't seem understand... >> >> > Right, you blame the current economic crises > on the 'banksters', but the economists blame > it on politics. You need to go back to school! >
So loaning out a dollar 30 times instead of 3 didn't cause the crisis? > "This is an account of what ails us that is > radically at odds with the familiar tale of > greedy bankers in $5,000 suits. 'Almost every > financial crisis has political roots,' Rajan > writes. The credit market—at least as regards > housing—was distorted by government policy, > not by a sudden and mysterious escalation in > 'greed.' The trends that shook the world > economy came out of Fannie Mae and Freddie > Mac, out of the Federal Housing Administration, > and out of their 'regulator,' the U.S. > Department of Housing and Urban Development..." > > Read more: > > 'Easy Credit, Hard Landing' > BY Christopher Caldwell > Weekly Standard, July 26, 2010 > http://tinyurl.com/33xyatk So greed is good? I don't think so. One might also say it was due to stupidity but banksters don't like to be called stupid. Remember Willy, Rupert Murdoch wants to maintain the status quo so he can rule the world and you can be his slave. Try to see beyond your nose sometime. Or maybe you actually don't believe this shit but just posting it to get a rise. But I think you'd get bored with that after a while. ------------------------------------ To subscribe, send a message to: [email protected] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!'Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
