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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: SGJ who wrote (55557)11/17/2008 11:08:12 PM
From: RMF  Read Replies (1) of 224748
 
I was including pseudo-banks like Countrywide in the equation.

Are you saying that "established" banks weren't making sub-prime loans?

There are still a lot of "sound" banks around that made prudent loan decisions and supported the loans they did make with sufficient reserves, but there are also a lot of banks around that had to go under or be bought out or ask the FED for bailout money.

Are we talking a matter of "degree" or are you saying it was "impossible" for banks to to make unwise loans?
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