Who is to blame?
unsung
I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
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Thanks for the info.
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
Also, this 60 minutes video describes how subprime lending isn't even the real cause of the crisis. Rather, it was the credit default swap investing market, which was an insurance scheme that provided a false "guarantee" for subrpime mortgage backed securities that brought down ALL of the major banks that needed to be bailed out, which ultimately led to the crisis.
Credit default swaps are totally unregulated thanks to the Commodity Futures Modernization Act of 2000, which was pushed through the house by Phil Graham among other morons, who was John McCain's financial advisor until 2007.
Nice partisan, ficticious, and misleading youtube video.
http://forums.pearljam.com/showthread.php?t=272825
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez