To: moneyrunner
Having enacted regulations that ruined the U.S. financial markets, they now claim the credit problems stem from a lack of regulation. The lenders, broker, mortgage lenders and mortgages bankers, real estate appraisers, real estate agents/brokers, and builder/developer's. Were all just little innocents lead to slaughter. What bunk.!
2 posted on
05/10/2008 5:28:42 AM PDT by
org.whodat
(What's the difference between a Democrat and a republican????)
To: org.whodat
The market acts like a herd sometimes. This effect is magnified greatly when you have elected politicians and federal reserve boards that insist on acting like shepherds and treating the market participants as sheep.
As the regulation, interest rates, and subsidies change - the market sheep move in the direction their leaders have directed them.
In this case, right off a cliff.
To: org.whodat
Did you read the entire article or just that excerpt? The article answers the question as to why the banks lent the way they did.
6 posted on
05/10/2008 5:52:52 AM PDT by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
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