georgephillip
Diamond Member
- Thread starter
- #181
How much damage to public and private property did Shadow Banking produce?Why blame OWS for anything? You guys are a bunch a whining losers. You can damage public and private property, you can piss and moan like champs, but you will never accomplish anything more(either positive or negative). Your like the bearded lady in a freak show. After the initial shock of seein something so horrible, there's not much more to you.Both parties get most of their campaign funds from the richest 1% of the voters.Because one party encourages economic success and freedom, while the lefties hate anything that smells like success.
Wall Street gave more to Democrats in 2008 than Republicans.
Possibly that was the result of all the "economic success and freedom" Bush encouraged?
Currently both parties support a political economy where unregulated banks place uncovered bets (derivatives) that are 15 times larger than the US GDP.
Who will you blame when that blows up the same way housing and credit did in 2008?
Occupy or Wall Street?
Do you blame Occupy or Wall Street?
"There is strong evidence that the riskiest, worst performing mortgages were funded through the 'shadow banking system' and that competition from the shadow banking system may have pressured more traditional institutions to lower their own underwriting standards and originate riskier loans.[6]
"In a June 2008 speech, President and CEO of the New York Federal Reserve Bank Timothy Geithner—who in 2009 became Secretary of the United States Treasury—placed significant blame for the freezing of credit markets on a 'run' on the entities in the 'parallel' banking system, also called the shadow banking system."
2007
Don't start whining about partisan politics.
Republicans AND Democrats serve the same 1%.