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

To: combjelly who wrote (435225)	11/17/2008 8:58:18 AM
From: jlallen	Read Replies (1) \| Respond to of 1573678

The Bush administration was behind most of those loans. It was a complete failure of the government at both the executive and legislative level...its typical for you pinheads to blame all the ills of the world on Bush.....but that is not the reality.... J.

To: combjelly who wrote (435225)	11/17/2008 9:19:08 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1573678

>>> See, that is my point. Those loans are not the only problem. No, they aren't. But they are the CORE problem. If you didn't have the loans, you wouldn't HAVE the other problems. The Kos post was a bullshit attempt at misdirection, trying to get peoples eyes off the ball. The loans are the problem. Had the lenders required appropriate equity and cash flow, a market downturn would not have started a free fall. This is characteristic in ALL markets where inappropriate leverage is employed. Nothing unusual about it.

To: combjelly who wrote (435225)	11/17/2008 12:46:39 PM
From: Taro	1 Recommendation Read Replies (1) \| Respond to of 1573678

"And those loans were not only permitted, but ENCOURAGED and in some instances, DEMANDED, by the Democrats in Congress." Oh, and somehow you have managed a recto-cranial inversion. The Bush administration was behind most of those loans. Unfortunately I-Node is right on this one. Making private homes "affordable" to anyone by making mortgages available to anyone, qualified or not according to "old" rules of rating restrictions, was a major "achievement" of the dems under chief dem and guru Clinton. Taro