Congress and our government caused the financial mess.
Our government forced banks to make risky loans. This was done through laws that made it easy for Obama’s friends, at ACORN, to take banks to court, this was done through protests, at the banks, by ACORN. This was done by Obama’s friends at Freddie and Fannie, Government CREATED companies, forcing bad loans on the system.
Nope. It was congress. They forced FANNI MAE AND FREDDI MAC to loan money to people who couldn't repay it. It was the artificial demand from all these congressionaly subsidized dead beats that caused the housing bubble and it's subsequent collapse.
fANNIE MAE AND FREDDI MAC were government subsidized agencies. Can you blame banks and insurance companies for thinking that Congress would not allow them to default? Yet that is exactly what Congress did. Congress should have bailed out FANNIE MAE AND FREDDI MAC instead of the banks. If they had the banks wouldn't have needed to be bailed out.
You need to realize that this depression is not a failure of capitalism. It is caused by socialism. It is the height of hypocrisy for congress to be blaming banks when this is all their doing. Specifically Barney Frank and his buddies.
But some Gordon Gekko Greed is Good types thought why should the public sector have all the fun? When Madoff was head of the NASD, we all followed the rules he flagrantly broke (consider he made not one trade, not one, in the one group). It was too easy. Now it's find the money (which won't be found).
Firmbss, love the Haiku. It was the best 3 card Monty game in town. Poof! Like hiding a toy from a baby, where'd it go?