On Sun, 13 Dec 2009 10:11:37 -0700, Canuck57
wrote:

bpuharic wrote:
effect the rich right wingers in the GOP had: -35%

Let's give credit to Carter who started it all with bank loan liberalization
to minorities.

which had zip to do with the crisis

You obviously know little of banking. The whole idea was to avoid
interest rates rising, allowing for government to have cheap debt and
for minorities to get below value loans.


hmmm....so you say. but there's one problem: i have the evidence. you
have your myths

the largest lender to go belly up was 'countrywide' which was not
subject to CRA rules

so, try again.

Don't worry, this conservative libertarian picked up on the economic
problems in 2007, I made money on the liberal debtor congress as they
blatently ignored the ABCP and interterest rate inversion. When real
savings rates net of taxes fall below inflation rates, a
recession/depression is a guarantee if it continues. Many of us, eyes
wide open did quite well with this opportunity.

great. and the rest of us voted for obama and the democrats to reign
in th free spending ways of the GOP


Think, if congress had any integrity and rationality in it, they could
have jacked interest rates and tightened crredt to avoid the economic
meltdown. But being debtor junkies, democrate congress ignored it.

after 6 years of the borrow and spend of the right wing GOP