What Cooked the World's Economy?
It wasn't your overdue mortgage.
By James Lieber
Village Voice
January 28, 2009
Before I even look at the leftist rag views that you have posted -—
Look at the TITLE! Can you POSSIBLE construct for me how ANY of this financial mess would happen, had not Congress, and the Democrats forced lenders to make risky loans?
You can't!
The Communists at Village Voice CAN'T!
You are attacking the symptoms, and not the cause!
Credit Default Swaps, CMO’s and all the other derivatives came into being in order to DEAL with the debt that DEMOCRATS created and promoted!
Stop the bad loans, or at least, stop bad loans from entering into the securities market, and you will solve the problem!