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The article pointedly omits that the GOVERNMENT needs to stop spending & borrowing, and instead points it’s finger at the financial sector.

Exactly. And it fails to mention that much of the housing bubble was due to government requirements to lend to people who couldn't repay their housing loans. It's extreme Lefty BS.

39 posted on 02/22/2010 1:45:25 PM PST by Bernard Marx (I donÂ’t trust the reasoning of anyone who writes then when they mean than.)

To: Bernard Marx

This is nothing but nonsense. The CRA ain’t the reason why we have problems. PLEASE do me a favor. Go to a website called nakedcapitalism.com and read up on the meltdown from people who work on Wall Street. The ones who actually have a conscience. You won’t find them repeating the Republican Bed Time Story about the poor widdle bankers who got in the Evil Witch’s Candy House and were forced to make bad loans.

And if I sound intense, well its because I am. This excuse is not just off—it’s like 180 degrees off. It’s like inter-dimensional off. The looters NEEDED bad loans. So they could sell them and then bet against them.

parsy, who can’t believe the GOP still don’t get it

45 posted on 02/22/2010 1:50:51 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)

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