Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (10442)	4/3/2009 4:44:38 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "What I didn't really know is that Europe had their own debacle, similar to our's at the same time, with Eastern Europe. In addition they also bought the securitized crap from the USA. They borrowed free money from Japan at 0% interest and invested it in Eastern Europe. Then interest rates went up in Japan suddenly and everbody tried to hit the exits at the same time. Instant disaster....." Some people are judging that the size of that (Eastern European loan) economic problem is at least twice the size of the entire Asian currency collapse of the 'nineties....

To: Wayners who wrote (10442)	4/3/2009 5:56:33 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 103300

The problem was the sub prime problem of lending mortgage money to unqualified people who should never have received a loan in the first place... this was forcefully encouraged by the likes of barney fwank, dodd, obama, and clinton who took gifts from fannie and freddie, dodd is now being investigated for this... all four of them should be in prison... barney fwank was the head of the banking oversight group, he denied there was ever any problem.. these liberals wanted everyone to have a home even if they couldn't afford one so they can be a part of the "American dream of owning a home"... never mind that they didn't have the money and didn't qualify for a real loan... a nice idea, but you can't legislate individual responsibility... so now, these are the same clowns who now claim to be the heroes... the Fed made a lower rate environment possible by continuing to lower rates over the past few years when they should have tightened instead... they kept lowering rates in order to stem off a possible down turn in the economy... but, little do these morons know that a down turn would be healthy and would have avoided the credit crunch and the housing bubble, and all the other bubbles that came about as a result... this is yet another example of how the federal government only makes things worse by sticking their nose where it doesn't belong, e.g., the free market system... GZ