SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RMF who wrote (30566)12/22/2008 1:48:35 PM
From: TimF1 Recommendation  Read Replies (1) of 71588
 
You guys get so hooked up on the Fannie and Freddie thing that you miss EVERYTHING else.

And you seem to look at the one tree of credit default swaps and mostly ignore everything else.

Also CDSs aren't a political innovation. They don't "belong" to conservatives or liberals. Fannie and Freddie, the CRA and expansion, and political pressure and lawsuits based on it are all connected to Democrats as was Clinton's change from a once in a lifetime deduction of capital gains from houses to an every two year exemption.

Other factors that aren't particularly associated with Democrats, include the fed's monetary policy, and the fact that capital requirements where set up so as to encourage securitizatation of mortgages and discourages holding mortgages as a normal non-securitized loan.

"It all comes down to derivatives", is overly simplistic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News