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  • Why the Bailout Cannot Solve a Thing: Nobody Is Blaming the Right Culprit [View article]
    capitalism isn't to blame. Its the government. They are the ones who urged lenders to have lax lending standards....plus they set interest rates. This all started in 1999 under the clinton administration for to increase home ownership rates among minorities and low-income consumers. Ground zero started at Fannie Mae as a pilot program.

    Capitilism is not the cause of these failures....its the government. They set up the conditions for the housing bubble...and even encourged it.

    and the sad part is.....they tried making homes more affordable....and they did the exact opposite. I don't think the government tries to create bubbles....they are just THAT encompetant.
    Oct 03 08:57 am |Rating: 0 0
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