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Discussion in 'Economy' started by Alpha1, Sep 18, 2008.

  1. Alpha1
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    Alpha1 NAVY

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    but you can't hide

    IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- The Real Culprits In This Meltdown

    it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions.

    Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
     
  2. Skull Pilot
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    Skull Pilot Platinum Member

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    You know that can't be true.

    The slick One was the prophet and The big O is the savior.
     
  3. editec
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    editec Mr. Forgot-it-All

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    You are under the mistaken notion that the White House dictates what the FED does, aren't you?

    You have been misinformed.

    I don't blame you, I blame the crappy educational system which spawned you.
     

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