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

To: longnshort who wrote (696408)	1/31/2013 11:35:10 PM
From: combjelly	Read Replies (1) \| Respond to of 1573430

Most who don’t rely on the socialist media for information are aware that the 2008 crisis and subsequent continuing economic decline were set off by federally coerced loans to these very “low-income communities.” Socialist media? Our corporate owned media is socialist? Well, it didn't make the media much because it isn't true. Those loans had a far lower default rate than the ones written by companies like Countrywide. Which weren't covered by those regulations. In fact, the highest default rate was on jumbo mortgage loans. bloomberg.com Here is a hint, very low income communities don't get many jumbo mortgage loans...