Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (561501)	4/18/2010 2:03:54 PM
From: tejek	Read Replies (1) of 1576806

> Are you going to contribute to the Goldman defense fund? I am astonished that the media continues to look past the REAL problem that led to this crisis. While they (along with Obama) are bashing Paulson and GS for these transactions, it was not Paulson's transactions that brought down the market. It was the bad loans, made to persons who were totally unqualified, with insufficient equity in the property to assure payment, essentially REQUIRED by CRA under the '96 Clinton regulations. Part of the problem but not the entire problem. There was an atmosphere of extreme laissez-faire under Bush that led to this and other disasters. As far as I can see, this is an attack on the wrong people. If you want to prosecute someone, prosecute Clinton, Dodd, Frank, and others who created the situation that led to this train wreck in the first place. No mention of Gramm.......and the repeal of Glass-Steagall. Figures. I realize you're a partisan hack and would NEVER, EVER be intellectually honest (even if you were intellectually CAPABLE) about it. Me? LOL. Dude, you need to be posting here: Subject 57572

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