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Jun 4, 2012 | Posted by: Mr_Bill

CSI: Housing Bust

Full story: www.theatlantic.com

Clicking his way through electronic case files, he hunts for clues: a strange font on a pay stub, numbers on a W-2 form that don't add up.

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Eighthman

Since: Nov 08

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#1
Jun 4, 2012
 

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It was Ben Bernanke, Barney Frank and Chris Dodd along with Obama during the last two years of Bush's presidency that put the nail in the housing coffin. Everybody knows that. This guy must be retarded or something. Who's he trying to kid?

carey529

“the left is lost”

Since: Aug 08

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Jun 4, 2012
 

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if the idiots in washington would have just let the banks live with the consequences of their mistakes, this mess would've been over with 2 years ago.

but, noooooooooooooooooo!
Eighthman

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#3
Jun 4, 2012
 
If Barney would have kept his big, stupid, dick sniffin' nose out of the mortgage market, everything would have been OK.

Mr_Bill

“It's a Brand New Day”

Since: Feb 06

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#4
Jun 5, 2012
 
Eighthman wrote:
It was Ben Bernanke, Barney Frank and Chris Dodd along with Obama during the last two years of Bush's presidency that put the nail in the housing coffin. Everybody knows that. This guy must be retarded or something. Who's he trying to kid?
Your 'facts' from Uranus don't count.

What put the 'nail' in the entire economy was deregulation, and insane speculative gambling on underfunded and overvalued pieces of paper that represented bad loans. Most of these loans did not originate in the regulated banks you refer to, but rather with unregulated 'mortgage brokers.'

That's the bad news. The good news is that American business tasted real freedom in the mid oughts; and they ran with it, and plundered the economy.
Eighthman

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#5
Jun 5, 2012
 
Mr_Bill wrote:
<quoted text>
Your 'facts' from Uranus don't count.
What put the 'nail' in the entire economy was deregulation, and insane speculative gambling on underfunded and overvalued pieces of paper that represented bad loans. Most of these loans did not originate in the regulated banks you refer to, but rather with unregulated 'mortgage brokers.'
That's the bad news. The good news is that American business tasted real freedom in the mid oughts; and they ran with it, and plundered the economy.
You are pissing up a tree. Anybody that defends the democrats are hurting the rest of us with their irresponsible propaganda, otherwise known as BULLSHIT.

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