Replies

Government meddling and overreach in free markets only causes distortions (bubbles). Watch for new distortions to occur as the government continues to operate in the mortgage industry and college loan industry.

1 posted on 06/04/2015 9:58:13 AM PDT by Jan_Sobieski

To: Jan_Sobieski

It was both sides of the coin.

2 posted on 06/04/2015 10:12:22 AM PDT by Wolfie

To: Jan_Sobieski

5 posted on 06/04/2015 12:49:13 PM PDT by Skooz (Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)

To: Jan_Sobieski

I am reading the Big Short which addressed the other side of the coin - the mass speculation in what was suppose to be a sure bet on tranches of sub prime mortgages.

It sickens me that the taxpayer bailed out AIG for its stupidity and much of the debt of the investment banks. And how Moodys and S and P walked away unscathed for grading worthless crap as Triple A.

The book doesn't address is where the hell was the media in all this? The author talks about one of the characters did go to the media and they were not interested in the story. I wonder if that is because they thought encouraging “ownership” was too important of a social goal?

6 posted on 06/04/2015 3:11:12 PM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)

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