Quote (Sgull @ Mar 10 2009 - 09:33:11)
Quote (hedonism @ Mar 10 2009 - 10:36:22)
Quote (BBQ @ Mar 10 2009 - 11:39:04)
the govt being lassiez-faire is what caused the collapse of the mortgage industry
no, it was the retarded banks handing out sub-prime loans like candy on halloween
which was brought on by bill clinton legislation
just because he allowed them to lend a higher percentage of their liquid assets does not mean he wanted them to start creating all those fancy ARMs that basically fucked people once houses stopped appreciating 20% every 3 years
george could have stopped that if he wanted to, but he choose not too. and dont blame the loans given to the poor. its the ARMs that fucked the lending industry, nothing more or less