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Politics & Religion Well Since every damn forum has one. Might as well leave it out there. This place is loosely moderated and should not be entered if you're weak of heart.

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Old 10-12-2008, 06:59 PM   1 links from elsewhere to this Post. Click to view. #1 (permalink)
DoWorkSon
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Default Community organizers and what not

Hot Air » Blog Archive » The quotes that explain the entire financial meltdown

Quote:
Cuomo, the Clinton administration, and Congress believed they had the right and the power to determine acceptable risk for the lenders, rather than lenders determining it for themselves in a free market. Even while imposing risk standards on lenders, Cuomo admits that he expects a higher default rate on the new loans — which is why the lenders didn’t want to write them in the first place.
Discuss, if you dare.
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Old 10-12-2008, 07:38 PM   #2 (permalink)
baldheadeddork
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I've explained the source of this mess probably close to a dozen times already, and I've shown numbers behind it.

Anyone who wants to continue crap like this, without showing even one number to connect these policies to the increase in foreclosures, is willfully ignorant.
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Old 10-12-2008, 07:41 PM   #3 (permalink)
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tee hee
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Old 10-12-2008, 08:14 PM   #4 (permalink)
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To quote our next President, "these people make ignorance a virtue."
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Old 10-12-2008, 08:31 PM   #5 (permalink)
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Quote:
Originally Posted by DoWorkSon View Post
tee hee
Laughing at your own ignorance?
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Old 10-12-2008, 08:48 PM   #6 (permalink)
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yes.
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Old 10-13-2008, 09:26 AM   #7 (permalink)
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Well then, Son, that's the spirit. Just do the best you can...
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