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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (420923)	9/29/2008 7:24:07 PM
From: Brumar89	1 Recommendation Respond to of 1571929

Frank is one of the most outrageous hypocrites in Washington.

To: TimF who wrote (420923)	9/29/2008 7:29:59 PM
From: tejek	Read Replies (1) \| Respond to of 1571929

The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites I am curious......if you fukk up at work, do you take responsibility for the fukk up or do you try to blame the guy in the next office? The reason I ask is because trying to blame this mess on Carter is the equivalent of me blaming Bush for my bad love life. Totally ridiculous.

To: TimF who wrote (420923)	9/29/2008 9:39:37 PM
From: Don Hurst	Read Replies (1) \| Respond to of 1571929

My gosh, you post such silly stuff.

To: TimF who wrote (420923)	9/30/2008 2:29:31 PM
From: TigerPaw	1 Recommendation Read Replies (2) \| Respond to of 1571929

The cause of the economic problem is not bad mortgages. The cause is that the debt-backed securities that "own" these mortgages are not clearly tied to the mortgages themselves. All of the securities were marketed alike even though some have a great risk, and others are a really good set of loans. It would be bad enough that the securities are more risky than thought, but then they could just be written down and life would go on. What makes it a crisis is that the securities are bought on credit, and then options on the securities are bought on even more credit. For each mortgage dollar there is 100 dollars of credit that isn't really based on any tangible asset. The correct answer will be to require the investors and hedge funds that are buying the debt obligations and especially the options based on them to put up real money, not just leveraged promises. The ignorant answer is to slow down the underlying mortgages which add to real economic growth. TP