Lets consider another option. Suppose there would have been no subprime mortgage crisis. Suppose that what really caused the subprime mortgage crisis was 10 to 20 million jobs that have been sent offshore which forced people that were barely, but making it to lose their houses, which then dominoed into the investment bankers purchasing mortgages, etc. in baskets with total disregard for the particulars of each property.
I know that many people buy into the corporate lie of we need to be able to compete with china, india, etc...., but at the same time, think of how many of your friends are out of work, or how many mom and pop businesses have been shut down because they can't buy merchandise for what walmart, lowes, home depot, etc. can sell them for. All of us work with data, and the only way to get to the bottom is to demand that the securities and exchange commission mandate that all publicly traded corporations must disclose how many jobs they are paying for offshore and here in the states and furthermore that they must go back and amend their prior annual and quarterly financial reports to 2007 when the GDP figures prove that our corporations had quit investing in business in america.. On 3/19/2010 10:50 AM, Nicholas Geti wrote: > http://finance.yahoo.com/tech-ticker/greenspan-finally-admits-he-blew-it-yftt_444802.html > > He also said that there is no way to detect when a bubble is forming nor how > to pop it. I still think that all our problems began when Congress permitted > banks and stock firms to merge then guarantee their home mortgage loans that > were then sliced, diced and resold. > > The personal wealth of all the executives was never at risk. So why not take > on mortgages, collect their fees then stick it to the government. > > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
