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

To: i-node who wrote (562262)	4/22/2010 1:09:11 AM
From: bentway	Read Replies (4) \| Respond to of 1575421

"that lenders are FORCED to make loans to people who aren't qualified to receive them, then you aren't going to help matters." This has ended already. No lender was ever FORCED to make any loan. Greed was all they needed.

To: i-node who wrote (562262)	4/22/2010 6:12:15 PM
From: tejek	Read Replies (1) \| Respond to of 1575421

> Grassley Bucks GOP, Backs Derivatives Curbs Some reforms seem reasonable -- but you can reform it all you want and if you don't solve the basic problem -- that lenders are FORCED to make loans to people who aren't qualified to receive them, then you aren't going to help matters. Does your entire circle of family and friends agree with everything that percolates out of your mouth? I mean.......how do you avoid not getting hit?

To: i-node who wrote (562262)	4/22/2010 8:14:17 PM
From: combjelly	Read Replies (1) \| Respond to of 1575421

"that lenders are FORCED to make loans to people who aren't qualified to receive them, then you aren't going to help matters." Nonsense. Repeating a lie doesn't make it true. "The problem was never the derivatives. It was the lousy underlying paper." There was a lot of lousy paper. Just not for the reasons you keep presenting. And that is because you consistently mis-represent what happened. The derivatives made a huge market for that lousy paper, and that created a demand for it. Not in those terms, but the only way to feed the demand was to generate lousy loans. And the derivatives helped with that, it gave a mechanism to bet against those lousy loans. So companies like Goldman Sachs could make lousy loans, sell them to investors and then bet against them with a CDS from AIG. So it was in their interest to make write bad paper.