Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Geoff Altman who wrote (50853)	10/10/2008 6:18:19 AM
From: Nicholas Thompson	Read Replies (1) of 224729

the real issue is what happened in the last 5 years or so in the housing market. If there were many "affirmitive action" loans issues- probably some- or was it predatory lending encouraged by no regulation and silly sh-t such as credit default swaps not covered by any reserves coming into the fore; large numbers $62 trillion, and totally out of control. It seems to me that the real imbalances started in the last few years and that is what is causing the panic.

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