XemaSab
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Tue Sep-30-08 10:32 AM
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| Poll question: Family argument about who is to blame for this economic crisis |
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DU, I call upon y'all to break the tie.
Who is responsible?
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| Fresh_Start
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Tue Sep-30-08 10:33 AM
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| 1. CEO's don't make mortgage loans |
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Edited on Tue Sep-30-08 10:33 AM by NYCALIZ
they rely on the little people 10 levels below them to make the loans
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| johnaries
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Tue Sep-30-08 10:34 AM
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| 2. Other: Supply-siders. nt |
| FSogol
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Tue Sep-30-08 10:34 AM
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| 3. Republican deregulation of the banking/financial/insurance industries. n/t |
| slackmaster
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Tue Sep-30-08 10:34 AM
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Both are true, and there is a lot more to it.
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| Coyote_Bandit
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Tue Sep-30-08 10:40 AM
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Are the two drivers of financial decisions. Greed gave birth to this crisis. Fear continues to fuel it.
You can't blame the CEO's for being greedy without also blaming at least some of the borrowers for excess consumption. A lot of these bad mortgage loans were not to consumers who were living on the brink - they were to consumers seeking a more luxurious lifestyle.
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DU
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Wed May 08th 2024, 03:18 AM
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