> RoMunn wrote: > > Amazingly, you continue to ignore the fact that the mortgages are the root > cause of the problem. If the mortgages were not such a mess, the derivatives > market would not be a mess either. Facts suck, don't they? >
They're not "the root". That's like saying that cars are the root cause for bank robberies because criminals ride in them. Mortgages are the vehicle, but they're only one vehicle and they're the first to hit. And when we say "mortgages" what are we talking about? Your forced subprime mortgages? or the Ninja/low-doc/no-doc loans? or MBSs? What are you even talking about? You see you could exchange mortgages for credit debt and you'd have the same problem. Or exchange mortgages for car loans and you'd have the same problem. Or exchange mortgages for student loans and you'd have the same problem. So you see? It can't be mortgages because even if they didn't exist we'd still have the same problem. And, in fact, we will. Very soon. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:287262 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
