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To: arrogantsob
The collapse was precipitated by the government forcing banks to loan money to people who could not pay it back.

You know so little!

The government did this when Bush when to a world trade organization 'secretariat' (otherwise known as a global government congress)in Monterrey Mexico his first year in office. Bolstered by the Clinton administration from previous 'secretariats', in that meeting the global bureaucrats declared that the US government must make banking and housing available to illegal aliens, which meant also allowing them mortgages and other banking services.

This in turn lead to the use of the phony identification matricular consular cards to buy cars, autos, open bank accounts etc. Then the government gave money to state and local communities to build 'smart growth' housing for these unqualified people to buy,which led to the 'low income housing' allocations of 20% or more in developments. The builder then charged more money for the non-low income housing units to the people who could 'afford' it. This led to the current oversupply of housing and also inspired the housing bubble because when the government gets involved in anything the price goes up and the people who could 'afford' it paid too much for the homes for the market to support.

So you are sadly misinformed or willfully ignorant in order to produce that ridiculous Alinskism guilt by association in your argument.
229 posted on 06/02/2011 2:30:18 PM PDT by hedgetrimmer
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To: hedgetrimmer

And this meeting was held on Mars, the Moon or the space ship the aliens flew in on? And I am sure they feasted on aborted babies for lunch, too.


231 posted on 06/02/2011 3:32:41 PM PDT by arrogantsob
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