Replies

Unprincipled capitalism caused this mess. I hate the idea of government involvement but damn, how many times are greed and immaturity going to push this country to the brink?

You are wrong !
This crisis was caused by the Thuggery of Barney Frank and Chris Dodd.
They and their Marxist/Anarchist allies: ACORN, LaRaza etc.

87 posted on 09/27/2008 10:28:05 AM PDT by Uri’el-2012 (Psalm 78:35 And they remembered that God was their ROCK, And the Most High God their Redeemer.)

Yeah right. ACORN/Dodd/Fwank/etc were not the ones buying the houses, they weren’t the ones packaging and selling the bad debt, they weren’t the ones taking shareholder assets or depositors money and betting them at the craps table.

Yes, plenty of people lived honestly, paid their bills and lived within their means but bubbles don’t happen simply due to bad government policies. It takes greedy people with no regard for the broader economy to have this happen as well.

No one forced anyone to take on a loan that they couldn’t pay back.