To: mrmargaritaville
The banks were “forced” to make these loans only because of the loss of potential profit in not making them. The CDO market along with swaps to insure them enabled banks to offer more credit by freeing up reserves. The Dems got their sub prime loans through deregulation wanted by the Repubs, they both got campaign contributions for re-election, the bankers made great a great bonus on every new transaction and we got screwed.
41 posted on
01/25/2009 9:53:31 AM PST by
rsobin
To: rsobin
The Dems got their sub prime loans through deregulation wanted by the Repubs, they both got campaign contributions for re-election, the bankers made great a great bonus on every new transaction and we got screwed. Bingo!!!!
48 posted on
01/25/2009 10:12:26 AM PST by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: rsobin
The Dems got their sub prime loans through deregulation wanted by the Repubs, they both got campaign contributions for re-election, the bankers made great a great bonus on every new transaction and we got screwed. Bingo - and yes, we got so screwed...
69 posted on
01/25/2009 11:20:58 AM PST by
GOPJ
(Corrupt business decisions get bailed-out. Why should I play by the rules?FReeper-pierrem15)
To: rsobin
the funny thing is that the deregulation that everyone is blaming on the Rs was pushed by Robert Rubin. Rubin’s fingerprints are all over the current financial “crisis” and of course all over citigroup-but no one is asking any questions about him, in fact his “disciples”-Summers and Gehtner are the current power in Washington.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson