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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1839)	8/29/2014 12:48:10 PM
From: GROUND ZERO™	2 Recommendations Recommended By Kirk © toccodolce Respond to of 26612

Too big to fail and too connected to jail... GZ

To: Kirk © who wrote (1839)	8/29/2014 12:53:30 PM
From: rdkflorida2	2 Recommendations Recommended By Gottfried Jerome Read Replies (3) \| Respond to of 26612

I will beg to differ on who caused what. There was no "FORCING" of banks to make those loans. There were plenty of banks that stayed away from those loans and they stayed out of trouble. The problem was the packaging of those bad loans with good, solid loans and rating them AAA and then sold as "investment grade" and then reselling parts or all of them. This became a profit center for banks and others loaning this money out. I liken it to dumping crap on your steak dinner. Do you have steak and garbage or do you just have garbage?? The banks did not care and they pushed those loans. And they made HUGE profits doing it while they held NONE of those packaged loans. They knew they were garbage. And if you are going to blame Frank or Dodd for this then there was NO BUSH RECOVERY for the economy. It was the Barney/Chris recovery. If I recall correctly BUSH/CHENEY were bragging about how their deregulating the banking loan industry lead to the housing boom. AND the housing boom WAS the BUSH recovery. Can't have it both ways. Maybe I lived thru a different history. You did get the Clinton/Rubin mistake right. Too many Goldman guys going thru past administrations. As for the FED..there is a difference in doing what one HAS to do vs. doing what one would prefer to do. It's been congress not acting that has forced the Fed to continue doing what they are doing for as long as they have been doing it, and I do not see that changing anytime soon. RDK