HeyBub wrote:
Smitty Two wrote:
In article ,
"HeyBub" wrote:


But, the goal of the liberals was achieved: universal home ownership
was achieved.


Sorry, but your account of what happened simply isn't true. You
probably got the fiction from Fox news, or Rush. The real story is
far more interesting. The amount of capital in the world doubled or
tripled within a few short years, while the number of investment
opportunities stayed the same. American home mortgages were the best
investment around, and the world's money demanded more of them. The
only way for mortgage brokers to increase the supply, was to relax
the standards for qualification. And relax they did. It was pure
capitalistic greed, not idealism, that drove us into the dirt.

You actually believe two Democratic administrations, with bills authored by
Barney Frank, were trying to do a favor for investment bankers?

That really doesn't pass the giggle-test. Really.


So you actually believe the drop all the regulations because we can
trust everyone to do the right thing Reagan thinking wasn't responsible
for dropping numerous banking regulations which allowed super mega
mergers of banking and investment institutions with minimal regulation
had nothing to do with last year's implosion? You might want to hit the
red kool-aid a little less if you don't.