well runningman, what can I say but you are an idiot. If you can't follow the logic of what has been said, but instead must create your own pathetic strawman version, then you are just a dumb political hack. Or maybe the cognitive dissonance is just too much.
Just like with the psunami, hurricane Katrina, the reason you can't laid, and now Sub prime....IT'S ALL BUSH'S FAULT!! Rennick out
please, please read this post: http://bigpicture.typepad.com/comments/2008/10/misunderstandin.html "It's telling that, amid all the recent recriminations, even lenders have not fingered CRA. That's because CRA didn't bring about the reckless lending at the heart of the crisis. Just as sub-prime lending was exploding, CRA was losing force and relevance. And the worst offenders, the independent mortgage companies, were never subject to CRA -- or any federal regulator. Law didn't make them lend. The profit motive did." -Robert Gordon, American Prospect
Which one of them? http://en.wikipedia.org/wiki/Bush_family A psunami? Is that 101 Ingsoc Doublespeak for a pseudo-tsunami? http://en.wikipedia.org/wiki/Ingsoc http://en.wikipedia.org/wiki/Doublespeak http://en.wikipedia.org/wiki/Room_101 http://en.wikipedia.org/wiki/Skull_and_Bones http://en.wikipedia.org/wiki/Freemasonry http://en.wikipedia.org/wiki/Opus_Dei http://en.wikipedia.org/wiki/Managerial_state http://en.wikipedia.org/wiki/Elite_theory
The fact is that you have people in responsible agreed upon leadership positions who are not qualified to be in their positions other than being elected by advertising budgets. In order to understand financial issues that are most prevalent today, one has to understand both financial instruments and government policy impositions. For example, there were no studies of derivatives and their prospective impacts in the large financial markets prior to making them legal. For example, the futures exchange will do exhaustive analysis before a contract is allowed to trade, in that they want to understand the feasibility of the contract existing in the everyday marketplace with respect to prospective market participants. Everyone knows that excessive exposure to leverage is not prudent in the financial markets. For example, if the average leverage is 2:1, then it is already known that the volatility to this asset class is far less than an average leverage of 30:1. The higher the overall leverage allowance, the more volatile the outcomes at differing time points. If the financial system has a very small proportion of its total subject to excessive leverage, then the financial system will show less volatility than an financial economy allowing for a substantial proportion to be excessively leveraged. There was no oversight by the government or the financial industry. Furthermore the real money to be made by investment banks was in the unregulated derivatives, which grew to be larger than the regulated market. The pure idiocy of the financial government overseers were riding a pony which was passed by a large fast horse....which they pretended not to see. There is no excuse whatsoever other than sheer stupidity of leadership. What is even further amazing is that the so called brilliant ivy league schools who are protected from the outside business world never offered studies or formal inquiries into these issues as well. It is unbelievable as to what has happened. Also there were no policy studies with regards to the impacts of legal largesse ease given to FNM, FRE over the years. This is where politics had no connect with financial economics. Obviously, this is incredibly rediculous....particularly when it concerns the biggest asset in each family unit. There is no excuse for sheer stupidity. Intelligence is when one knows how to prevent such incidents..... Any fool can look back at history.......
Bah! Tito Ortiz has a big head, but Jenna gives more of her head... I see you have some interesting points on African-Americans and Hispanic-Americans... where do you hail from, lucky brother? May our omniscient father and Supreme Being, great architect and creator of universally absolute truth bless you... Make it 200-300% with insider insight of the markets next week; you have your pricetag still or have you so(u)ld it already? I see you are a firm and loyal follower of universally absolute truth of our omniscient Supreme Being... how nice.