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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (429781)10/24/2008 10:05:56 AM
From: i-node  Read Replies (2) of 1573134
 
Actually, Greenspan said, "Mr Greenspan said it was the failure to properly price risky mortgage-backed securities that precipitated the crisis."

While I believe it is a true statement, there is a more fundamental cause, which is the liberals requiring that mortgages be let to people who couldn't afford it.

There is nothing inherently risky about mortgage backed securities -- in fact, they were once a safe investment. They became risky ONLY after the liberals started throwing mortgage money at people who were not qualified to receive it.
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