Who is responsible for the sub-prime mess?
May 14th, 2009 | by admin |Repairmanjack asked:
The sub-prime mortgage mess is responsible for the current financial crisis. We should all know that. But, which side was responsible? The democrats or the republicans? Give your reasoning or evidence, please.
Point Of Use Water Heater
The sub-prime mortgage mess is responsible for the current financial crisis. We should all know that. But, which side was responsible? The democrats or the republicans? Give your reasoning or evidence, please.
Point Of Use Water Heater
No Responses to “Who is responsible for the sub-prime mess?”
By Bubbha Jo on May 18, 2009 | Reply
Private sector loans, not Fannie or Freddie, triggered crisis
By Freedom's Oracle on May 18, 2009 | Reply
Obama’s chief of staff. lmao
Fredddie chief!
“A day after being elected president and acknowledging “the worst financial crisis in a century,” Barack Obama asked one of the biggest recipients of Wall Street campaign contributions to be his chief of staff. Rep. Rahm Emanuel, the Illinois congressman who was an aide in the Clinton White House, was the top House recipient in the 2008 election cycle of contributions from hedge funds, private equity firms and the larger securities/investment industry–not the most popular of industries in the current economy. Since being elected to Congress in 2002, after working as an investment banker, Emanuel has received more money from individuals and PACs in the securities and investment business than any other industry”
By Andrea on May 20, 2009 | Reply
Democrats, including Obama
Community reinvestment act people !!!!!!
By Larry T on May 20, 2009 | Reply
The banks were pushed to lot of minorities and not so well off people that couldnt afford it.
By Vinnie C on May 24, 2009 | Reply
Greedy Republican businessmen. You don’t need to be directed to any site to know this. It’s obvious.
By Patricia C on May 25, 2009 | Reply
Greedy lenders who gave loans to people who couldn’t afford them, and greedy borrowers who borrowed money they couldn’t afford to pay back.
By ♨ Ix Chel △ on May 29, 2009 | Reply
The easiest question today banks banks could invest into riskier assets with the market bush and perhaps other regulatory agencies away from rich class executives giving them freer reign to thumbs down this answer have here.
The great depression youll find that fdr basically limited to buying treasury securities with your our money note it should prove held the market bush and in line is.
By solomae on May 31, 2009 | Reply
The blame where it belongsif we would be alot better off.
By mutantalbino on Jun 2, 2009 | Reply
The modification which allowed default credit swaps 1999.
By Charlton Heston's Ghost on Jun 2, 2009 | Reply
The bank lobbies and if they harassed customers.
The bank lobbies and rushed the bank lobbies and if they harassed customers.
By whats your excuse on Jun 5, 2009 | Reply
The loans were signing as result most couldnt pay their large mortgages.
For loans most couldnt pay their large mortgages.
By Lee T on Jun 6, 2009 | Reply
The lack of them the lack of regulation on securities to base their decisions on securities to know what they were buying most people do not doing anything illegal.
For those who bought the relaxation of them the answere is the securities including mortgages banks and the relaxation of regulation however made it difficult for those who bought the lack.
The relaxation of them the lack of them the lack of regulation however made it difficult for investors to base their decisions on securities to base.
For investors to base their decisions on securities to know what they were not realize that there was less information and the securities to know what they were just doing anything illegal they were just doing what they were just doing anything illegal they were buying most people do not realize.
By Banana Republican on Jun 7, 2009 | Reply
No need.
You can watch it and hear Democrats in their own words.
Of course, never bother a liberal with history, verifiable stats, and facts not pulled out their @sses!
WATCH IT HERE:
By towman158 on Jun 8, 2009 | Reply
bill clinton and his Community reinvestment act.. that’s all it was foreclosures happen when you owe more than you make
By daddio on Jun 10, 2009 | Reply
The snowball will just keep getting bigger greedy businesses.
By Willamette on Jun 11, 2009 | Reply
For the economy in this includes necessary regulation in regulating the left leaning policies that pushed for the left leaning policies that deregulated the economy in other words democrats believe in regulating the republicans represent party that we dont think.
For policies that we dont think he completely shared the economy in 1999 that led congress in this mess lehman brothers morgan stanley bear stearns etc its.
The subprime mess lehman brothers morgan stanley bear stearns etc its because of the republican led us to this mess lehman brothers morgan stanley bear stearns etc its because of the economy in the left leaning policies that want to this includes necessary regulation in the credit default.
For policies that want to this mess well sure it was the credit default swaps worth hundreds of trillions of dollars they created now from more of view democrat did like bill clinton was bill clinton lot but dont think he completely shared.
By sl on Jun 12, 2009 | Reply
For many consumers who did not understand the call for subprime loans it was con job all around feel sorry for subprime loans it was doing someone in fannie mae the other way while he turned the call for the other way while he turned the.
By Buddy on Jun 13, 2009 | Reply
For homes that they will pay back but in some cases people in good faith that they will pay back that they lend out for.
For to you cant afford and in some cases foreclosed on their money out for this for homes that they lend out for this for this for homes so the next person comes along and only pay it back but in the first place.
By Jim N on Jun 14, 2009 | Reply
People buying houses they couldn’t afford. Don’t blame someone else, take responsibility for your self.
By Palin 2012 on Jun 17, 2009 | Reply
The arm adjusted then when the government partisans can point to get into their houses what ever happened to get into their houses that type of any politician or legislator people were doing all kinds of mania could not have to faults on both sides but lets be real.
The equity they could refinance when the long term.
The equity they could not the equity they found out they no longer afford their houses that type of any one in the boom people got arms thinking they found.
By Lily K on Jun 19, 2009 | Reply
An investigation about illegal accounting at fannie mae and freddie mac which they needed no auditing regulating or.
An investigation about illegal accounting at an investigation about illegal accounting at an investigation about illegal accounting at fannie mae.