User Panel
User Panel
User Panel
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Posted: 3/20/2009 2:29:14 PM EDT
[#1]
Quoted: ... but forgot to mention that during the Bush administration, Bush and Congress deregulated the banking industry. That was what allowed banks to start lending to the sub-prime markets. Um... it was Carter's Community Reinvestment Act, further expanded by Clinton, that FORCED banks to start lending to sub-prime markets. |
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Posted: 3/20/2009 2:29:32 PM EDT
[#2]
Write your Congressman and ask the question
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Posted: 3/20/2009 2:30:53 PM EDT
[#3]
I think the real answer is no.
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Posted: 3/20/2009 2:32:42 PM EDT
[#4]
I understand they don't manage the pension funds but they are the insurance agent for the company that does. It's all smoke and mirrors as far as I am concerned.
As far as bank loans "I think" deregulation aloud investment bankers to make home loans which they normally didn't do. |
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Posted: 3/20/2009 2:33:07 PM EDT
[#5]
Rush mentioned this was an internet rumor(and he has a decent record of being factually correct).
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Posted: 3/20/2009 2:34:31 PM EDT
[#6]
i have heard that they hold the teachers union pentions and the other gooberment officals pentions as well.
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Posted: 3/20/2009 2:37:17 PM EDT
[#7]
the "deregulation" theory is WRONG.
It was a fed.gov REGULATION that not only forced banks to extend more sub-prime loans, but the same REGULATION allowed these sub-prime loans to be securitized and sold as investments. Boggles my mind why people think Clinton was so good for the Economy..... When someone brings "DEREGULATION" up to me, I ask them "what was deregulated". They have no answer, it is funny, then I explain the whole fiasco to them. |
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Posted: 3/20/2009 2:44:47 PM EDT
[#8]
They have something to do with the insurance, which explains why thye won't let them fail because it would affect them for a change. Second, Deregulation was caused by lawsuits against the banks charging discrimination if they weren't giving loans to poor minorities. Ask Obama he helped sue the banks, before he was a state senator. Low post count may suggest you're uninformed or a troll, but around here it's common knowledge how this bank failure was engineered and by who.
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Posted: 3/20/2009 2:45:48 PM EDT
[#9]
Um... it was Carter's Community Reinvestment Act, further expanded by Clinton, that FORCED banks to start lending to sub-prime markets.
That's exactly right. In answer to the original question, the rumor is apparently false: snopes says no |
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Posted: 3/20/2009 4:04:00 PM EDT
[#10]
I wonder how many Fed shares AIG owns though?
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Posted: 3/20/2009 4:24:03 PM EDT
[#11]
Quoted:
Rush mentioned this was an internet rumor(and he has a decent record of being factually correct). this |
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