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To: Kansas58
Evaluate the article on its merits, not simply on the venue of publication.

The scale of the subprime lending problem and resulting financial crisis developed because the pool of money available for lending was replenished through CDO’s backed by credit default swaps issued by AIG. In effect, AIG issued the subprime lenders a credit card so they could keep issuing subprime loans -- and gave large bonuses to the managers who thereby destroyed the company.

41 posted on 03/18/2009 1:42:52 PM PDT by Rockingham
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To: Rockingham
WHO mandated sub prime mortgages?
WHO invented sub prime mortgages?
WHO took lenders to court for not making enough sub prime mortgages?
Who protested at banks who did not make sub prime mortgages?

ACORN and Obama and Barney Frank and Chris Dodd, Thats WHO!

42 posted on 03/18/2009 1:55:26 PM PDT by Kansas58
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