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

To: Road Walker who wrote (423964)	10/8/2008 7:40:28 PM
From: Brumar89	Read Replies (2) \| Respond to of 1577915

The key point is that F&F followed the market, they didn't lead it. I think the key point is the government coerced them to lower stds. There aren't any insurance regulations on credit default swaps to get around. WTF you idiot, that was my point. They were offering insurance under another name to escape regulation Simultaneously agreeing there were no regulations to get around, you claim they were trying to escape regulation. Do you understand the incoherence of your position? You should try thinking instead of cussing and name-calling. If you can't sell the subprimes there is no market... Lets ignore the fact that HUD badly wanted there to be a market for subprime mortgages. Say, maybe thats why there were no regulations on CDS's. But you have to deny governments key role. I'm not sure WHY you are defending all these failed institutions... Of course I haven't defended such institutions. I've merely claimed they didn't create the subprime problem. Government regulators did that. I think the CDS issuers should be unprotected from their market mistakes. Your unregulated private sector fuked things up big time. The mortgage market is not at all unregulated and its basic problems originated from unwise regulations. Yes, governments can make mistakes too.