Studio, please read your financial history... Subprime mortgage
lending was force onto the banks because Congress sought to "fix"
"relining"... This was pushed by both parties from the 60's... In
the 1990's Wall Street was flooded with cash from the outside world
("America safe investment") and Clinton encouraged the derivative
markets... Too much money chased after too few home so you had no
own, no income mortgage loans... That the Congress forced the Banks
down the path of sub-prime loans IS regulation of some type...
The problem was not deregulation as such, but the wrong type of
regulation/deregulation mix in a global money market seeking
safety... And the Urban Myth RE does not go down in value...
On Aug 21, 3:36 pm, studio <[email protected]> wrote:
> On Aug 21, 12:02 pm, Zebnick <[email protected]> wrote:
>
> > >The causes of the meltdown were deregulation, ignorance from the
> > >regulators and Bush Jr. economic policies.
>
> > Why don't you explain to me exactly what deregulation and what effect
> > it had that caused the meltdown, RETARD. I won't hold my breath for
> > your answer.
>
> I've explained it before, deregulation and regulation ignorance lets
> the companies do what ever they want.
> And that's precisely why Alan Greenspan said; "I made a mistake in
> trusting that the free markets could regulate themselves".
>
> Deregulation is precisely why your weak argument that it was somehow
> Barney Franks and other Democrats fault is BS. They had no power over
> the financial institutions, the regulators of those institutions, or
> the power to legislate anything without it passing the Bush Jr.'s
> desk. Which it finally did in July of 2008.
>
> > Studio, you are one of the stupidest people on this forum. There is no
> > knowledge or presentation of fact behind anything you post. And you
> > are impervious to other people presenting YOU facts.
>
> Ha-ha...if stupid means not having to fall for your BS spin, then I
> can only hope to stay stupid.
>
> Republicans are in denial and would rather make up BS than tell the
> truth about anything. That's precisely why you'll remain irrelevant
> for the foreseeable future.
> Your leaders BS the minions, then the minions BS their own leaders.
> What a totally corrupt bunch of losers Republicans are.
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