That, my FRiend is communist propaganda. Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. Any student of basic economics understands that now. She was one of the architects if the intentional destruction of our currency.
—Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. —
You are correct. My bad. I was focusing on the word “mortage” and mentally thinking of the Youtube videos of Barney Frank saying Freddie and Fannie are just fine five or six years ago and forgetting to notice that she was putting the blame on Wall street. Tha’s just goofy.
I firmly believe it was the government that caused this mess, with the help of some too big to fail accomplices.
“The people on Wall Street broke this country, and they did it one lousy mortgage at a time.
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That, my FRiend is communist propaganda. Wall street broke nothing.
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What IS breaking this country is the MBS, the REMIC, CDS swaps and the interest rate swaps. Toxic, broken frauds that HAVE killed the banking industry, but our and the european politicians keep trying to save.
You know, the left is just lying in wait for this system to collapse, and the right is just sitting there and trying to pretend these problems away. IF the right doesn’t acknowledge these problems, THEY are opening up the door to the left SUCESSFULLY getting away with blaming capitalism, when it is really socialism, that is failing.
Who do you want to help? Saying nothing is wrong is just playing into the hands of the left.
Here is a link to Warrens youtube on the Coming Collapse of the Middle Class.
I have not watched it myself.
http://www.youtube.com/watch?v=akVL7QY0S8A&feature=related