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

To: i-node who wrote (821560)	12/9/2014 2:37:35 AM
From: Broken_Clock	Respond to of 1584044

Reality: Both parties love bubbles….the rich get richer… and both parties do all they can to to increase gov't debt, crush the middle class and bow to the will of wall st. That's why not one bankster went to jail.

To: i-node who wrote (821560)	12/9/2014 10:04:47 AM
From: combjelly	Read Replies (4) \| Respond to of 1584044

I never lie. The post in question certainly is. While technically true, it doesn't represent what actually happened. Freddie and Fanny were not the cause of the problem, but they certainly were the victims. The real malefactors were companies like Countrywide who wrote mortgages for anyone with a pulse. And the financial industry who bundled those mortgages into securities and rated them highly even though they were very speculative. And sold them to investors knowing there was a high chance of them being worthless. To the point that they even shorted those securities because they designed them to fail. Long story short, our financial system became, and still is, a criminal enterprise that fleeced the global economy.