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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (36027)	7/22/2008 9:45:24 PM
From: Ann Corrigan	Read Replies (1) \| Respond to of 224748

Congress triggered the current mortgage mess when it weakened long established lending laws (lame brained congressional Dems wanted to enable those with abysmal credit ratings to buy houses)...hedge funds took advantage of the situation with all sorts of derivatives, and the real estate bubble kept growing--finally those with the worst credit ratings(no downpayment) defaulted on their mortgage loans---bubble burst and quickly deflated. Will congress ever admit their mistake? That's like asking "does Obama ever admit a mistake?"