[Jim W N]

Government, not business, is the bad guy my friend. Business free from government interference has and always will be is the goose that lays the golden egg. Government, on the other hand only creates poverty. Government is malicious, whereas business is amoral. Business goes where the profits are, as well they should. Government screwed it up the way they always do when they meddle in economic affairs, where, in this case, they subsidized and made it attractive for business to accept sub-prime accounts. Big business in their stupidity is trying to make friends with the headless beast of government not realizing that the headless beast of government will devour them as soon as it is able.

Haven’t seen the last of this idiocy either. Fannie Mae and Freddie Mac are not dead and apparently Obama plans to pour more taxpayer money into these subsidized monstrosities. If the Socialists can convince you that the free market is the bad guy, they’ve won a huge propaganda victory. But they’re liars, of course.

[LomanBill]

[they subsidized and made it attractive for business to accept sub-prime accounts]

Ameriquest/Argent Mortgage operated their pipeline via a warehouse creditline supplied primarily by Deutchesbank.

As of June 2007, NONE OF THEIR LOANS QUALIFIED FOR UNDERWRITING BY FREDDY/FANNY.

The Federal Gooberment had NOTHING to do with “subsidizing” that operation - which existed for primarily ONE purpose: the securitization of A$$PAPER in an UNREGULATED market.

In fact, if you’d bother to look at the campaign contributions made by the Arnalls to BOTH the Rat and RINO parties, it’s self-evident they were responsible for manipulating government into deregulating for their profit.

Ameriquest is the post-child for the “Free” market allowed to run wild.

No Sale.

[LomanBill]

[Government, not business, is the bad guy]

Maybe in the Ivory Tower where they are theoretically separated; but in the real world, where they have merged into the manifestation of Mussolini's Fascist Corporatism - they are BOTH responsible for the systemically, criminally, corrupted state of financial affairs.

 

In the Bible, the collective merger between State / Commerce / and Religion was called Ba'al.  Ba'al being a Hebrew word meaning Owner, Lord, Master, Possessor....

 

...about which the author of the American Declaration of Independence had to say:

 

"COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM"

and

"TO SECURE THESE RIGHTS, governments are instituted among men"

--Thomas Jefferson

 

 

What a wonderful coup for our would-be owners if enough Useful Idiots can be conned into despising and destroying the governmental instruments which secure the inalienable rights and freedoms of American citizens...