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

To: Road Walker who wrote (429781)	10/24/2008 10:05:56 AM
From: i-node	Read Replies (2) \| Respond to of 1573213

Actually, Greenspan said, "Mr Greenspan said it was the failure to properly price risky mortgage-backed securities that precipitated the crisis." While I believe it is a true statement, there is a more fundamental cause, which is the liberals requiring that mortgages be let to people who couldn't afford it. There is nothing inherently risky about mortgage backed securities -- in fact, they were once a safe investment. They became risky ONLY after the liberals started throwing mortgage money at people who were not qualified to receive it.