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Politics : Formerly About Advanced Micro Devices

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From: koan	9/25/2009 12:41:40 PM
	1 Recommendation Read Replies (2) of 1579464

Yahoo Blogger "I know you idiots like to blame Barney Frank, Mr Dodd, Fannie Mae and poor home owners and by implication black people for the economic meldown, but somehow avoid assigning any blame to your Hero BUSH. Here are the facts you idiots: 1) All the home loans given out was done by people mostly Republicans (they control our money. They made out like bandits. 2) These loans was given out to people at a very high interest, making it more likely that they will default. 3) These loans was then repackaged as a financial instrument(CDO) 4) The rating agency gave these bogus CDO an A rating. Republican controlled again. 5) Then the banks leveraged them at 25 - 40 times its actual value 6) These bogus CDOs was then sold to different countries and funds. 7) AIG then came in and insured these purchases with no reserve to back it up in case of a default. Somewhere along this track your hero BUSH and the Republicans could have put a stop to it, but they did not. STOP PASSING THE FREAKING BUCK.. Don't let me start with the stupid war in Iraq that drained our treasury."

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