uh wrong – the greedy banks let this happen. They are PRIVATE business. They are responsible for giving loans to people THEY feel can pay them back – they didn’t. They got f**ked. And so did we all.

don’t forget about jimmy cater then bill cilton they allowed all this or i think it was their idea

Sorry the content is very wrong. Didn’t hear “Government” at core of incentives and distortions from conceited, central planning politicians causing this bubble and crisis. Greenspan was exactly the opposite, too accommodating in the money supply available to lend and inflate the housing bubble. Better info by Wikis for CRA, GSE, Too Big To Fail. Govt. prodded banks to create sub-prime time bombs, pulled them to Fannie, “guaranteed” them to Wall St. All rational within perverse Govt. construct!

people would have had to realize that the opinion of a thing signifies choose between right and wrong opinion and when you learn to choose correctly and not to act as bulk reactions of people who chose wrong, simply learn to choose a good opinion and according to it once and not just watch.
After this financial crisis:)

Hah I’m writing an essay on this YAY THIS WAS USEFUL!

no, just lucky

And yet you were never schooled in the best schools how to properly punctuate your sentences. You got RIPPED OFF!

Doopa doopa doo, oh look this could be the best place to have deep economy coversation!

is it just me or anyboy who’s around me in england are pretty safe with no crisis and i go to harrow’s so i come from quite a posh background. but why here this shit saying 1000 jobs lost an hour when I JUST DON”T SEE IT HAPPENING AROUND ME!!! AM I DREAMING?????

I don’t know, call me crazy…but maybe if the Gov’t made it a priority to decrease the poverty level, work to end discriminatory hiring practices, loan lending etc…maybe more people would be able to have money to pay their bills. Seems at the end of the day bigotry, racism, sexism, homophobia doesn’t only hurt the people it was designed to oppress, but also all of humanity…

Once again, You are not responding to ANYTHING that I wrote. Please copy and paste a quote from me where I had said anything that you are claiming I said.

Zombie – “”gov’t forced banks to be bad” is probably soft spin coming from the Libertarian Party and the GOP”

Me – ” I fully point my finger at the private market”

I do agree that the repeal of legislation like the glass steagal had a HUGE part to do with the problem. Where did I say otherwise?

F/F are not the government.

“Retarded” … nice. If you can’t contribute anything, just stop posting.

Anyway, there are a lot of books out there on the crisis, including some by former traders, that are very interesting. Any attempt to reduce this to a gov’t-generated disaster via F/F is a very myopic and, probably, partisan viewpoint. Cheap credit in a time when real wages can’t keep up with inflation, shadow banking, and the rollbacks of regulations such as Glass-Steagall were as much to blame as F/F’s bad accounting.