The Republican Party
The Democratic Party
Christ sakes. It is too much to ask for people to respond to what people actually wrote rather then just making up in their heads whatever the hell they want?
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
Edit: Ok, looked at the second post and it's the same thing. It's poor Fannie and Freddie that were just being forced to try to compete with those unregulated, evil, private lending institutions. Not only is the govt not responsible, it's actually the victim.
Last edited by X Factor; 11-05-11 at 03:10 AM.
I'd say both parties are responsible, but my thinking that the Republicans (deregulation) are slightly more responsible. If there was an option for both parties, I would have opted for it, but it's just my opinion that the Republicans are just slightly more responsible. Yet it's close
The tragedy is not that things are broken. The tragedy is that things are not mended again. - Alan Paton
Bach is the beginning and end of all music - Max Reger
It is not God who kills the children. Not fate that butchers them or destiny that feeds them to the dogs. It's us. Only us - Rorschach
I agree fraud is a crime and shouldnt be allowed...but there should be very very few mortgages ever given based on fraudalent applications because all it takes is a cursory basic investigation.
1. Verify Employment, length, amt of income etc.
2. Credit Check
3. If necessary criminal background check.
4. Insist on a set downpayment % for every borrower/or only lend a set percentage of any market value.
Thats all on the lender, they actually make money off the origination fees they charge. The one thats giving their money is the one that has the responsiblity to assure that they are going to get it returned. Its the same as buyer beware.
To me, Keynesian economics makes far more sense than any supply-side, "just keep not taxing the rich" idea. Combined with unchecked spending, it has earned us quite a bit of debt.