Excellent explanation of the roots of this crisis...

[Cougar Hunter]

Originally Posted by il Padrino Ute

Government isn't the root of all problems, just most of them. And a good example of what helped us to get into this mess can be traced to the Clinton administration's push to relax lending standards in order to increase home ownership. This is an article from Feb. of this year, but it points to how government screws things up by meddling:

http://www.businessweek.com/the_thre...ons_drive.html

Regulation is necessary in some areas, but the less there is, the better off we are.

The theories attempting to link the sub-prime crisis on Clinton's policies to reduce discriminatory credit practices hold no water.

http://www.businessweek.com/investin...ity_reinv.html

Try to keep up.

[il Padrino Ute]

Originally Posted by Cougar Hunter

The theories attempting to link the sub-prime crisis on Clinton's policies to reduce discriminatory credit practices hold no water.

http://www.businessweek.com/investin...ity_reinv.html

Try to keep up.

It depends on who you want to listen to. I prefer conservative hacks like Coy. You prefer liberal hacks like Pressman.

[ute4ever]