XPost: alt.society.liberalism, alt.atheism, talk.politics.guns   
   From: dead@gone.com   
      
   On Sat, 18 May 2013 13:03:58 -0600, deep wrote:   
      
   > On Sat, 18 May 2013 14:38:35 +0000 (UTC), Zepp  wrote:   
   >   
   >>On Sat, 18 May 2013 06:31:43 -0600, deep wrote:   
   >>   
   >>> On Sat, 18 May 2013 03:51:33 +0000 (UTC), Zepp  wrote:   
   >>>   
   >>>>On Fri, 17 May 2013 20:19:13 -0800, linuxgal wrote:   
   >>>>   
   >>>>> Scout wrote:   
   >>>>>> Perhaps, but why did they give Freddy and Fanny a clean bill of   
   >>>>>> health just months before the collapse?   
   >>>>>   
   >>>>> Probably the same reason Jim Cramer said buy Bear Stearns the day   
   >>>>> before it went tits up...incompetence.   
   >>>>   
   >>>>Fannie and Freddie got hit by the derivatives meltdown and subsequent   
   >>>>housing bust, but didn't cause it the way right wingers like to   
   >>>>pretend.   
   >>>   
   >>> They like to make it out to be all Fannie and Freddie to blame.  That   
   >>> way they can blame it all on Frank and Dodd   
   >>   
   >>And of course, that vicious enemy to all things American, the working   
   >>family.   
   >   
   > Yep, all those greedy scum that only wanted to get a mortgage for a   
   > house so they had a place to raise their families.  The bastards ! The   
   > way their forced all those banks to buy up mortages and repackage them   
   > as toxic derivatives?   
      
   And then all the fraudulent foreclosures.  In just about any other   
   country, bankers would be hanging from trees while the survivors   
   scrambled to return what they stole.   
   >   
   >   
   >>>   
   >>>>Mortgages they wrote amounted to 3% of the cash loss, and nearly all   
   >>>>of it came as a result of the securities meltdown, rather than   
   >>>>precipitating it.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)