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To: ctdonath2
>>The gooberment forced a no-win scenario on banks,
 
 
That may be the RINO "Fiscaly Conservative" party line -- but the reality is there are smaller regional banks and credit unions who stayed completely out of the Subprime bidness; who never took a dime of TARP money, and who are still doing just fine.
 
Meanwhile, the FreeTraitors, the Merchants who love their Dishonest scales -- were operating under the assumption that the rules were thus:
 
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
http://www.pbs.org/wgbh/pages/frontline/warning/view/
 
 "crony capitalists" abused it
 
But CTDonath2 says there was no fraud.  Uhuh.
 

89 posted on 08/10/2012 11:16:26 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: OldEarlGray

While perhaps a topic worthy of discussion, your continued tone is quite distasteful. Kindly leave me out of it.


91 posted on 08/10/2012 1:06:19 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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