Comments on: Six ways government helped cause the financial crisis

By: diatonic

diatonic — Wed, 29 Dec 2010 20:44:26 +0000

I would not blame fannie/freddie for the subprime mess. the banks and mortgage companies got into it first and drove the market. This sounds like another pin head argument that the subprime mess was caused by the community reinvestment act – a little more analysis and common sense reveals this is not true. It’s so easy to blame the weakest victims….. not a hint of classism here is there ?

By: CDN_finance

CDN_finance — Wed, 29 Dec 2010 19:37:05 +0000

So, according to this, Republican congresses caused all the problems that caused the crisis. How is that a repudiation of Obama or the govt in power now?

By: silliness

silliness — Sun, 26 Dec 2010 22:37:10 +0000

Wow – this is amazing stuff. I really wish I didn’t have deposit insurance so I could spend my time poring over the financial statements of the bank holding my checking account to make sure it was safe. I mean, they would never lie about their excessive risk-taking.