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To: org.whodat

for example:
“Last week’s events were rooted in distressed mortgage securities whose optimistic values were facilitated by quasi-governmental entities Fannie Mae and Freddie Mac. The investment banking capital write-downs were turbocharged by the Sarbanes-Oxley Act, which did what too many laws do — it fixed yesterday’s problem. The amazing expansion of credit was fueled by a Federal Reserve offering an easy-money policy that led us right into a credit bubble. All this was made worse by the government enabling some people’s tendency to want more house than they can afford. “
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092503602.html

Note: nothing about wall street ‘greed.’


11 posted on 11/18/2008 9:42:58 PM PST by ari-freedom (So this is how Liberty dies... with thunderous applause)
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To: ari-freedom
Note: nothing about wall street ‘greed.’

Them thieves throw some good parties with your money. Old Knees does not want to be dis-invited.

18 posted on 11/18/2008 10:04:28 PM PST by org.whodat (Conservatives don't vote for Bailouts! Republicans do!)
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