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  • The Stimulus Plan Is Starting to Stink [View article]
    Sorry frosty, I just can't let this one go by -- you are PLAIN WRONG. It was the GOVERNMENT who pushed subprime lending. It is *government* that does not know how to run business -- this is fundamentally true because government never has to "make money" -- it just harvests off the people via taxation.

    Read these for some factual background on the subprime mess:
    www.mediacircus.com/20.../

    online.wsj.com/article...

    It is worth noting that this took off in earnest in the 90s, during the Clinton tenure!


    On Jan 08 09:23 AM frosty wrote:
    > The private sector is precisely what
    > got us into this mess making a fortune of sub-prime and other debt
    > obligations. The government helped a lot with lax or no regulation.
    Jan 08 13:11 pm |Rating: +3 -6
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