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Ok so the blow-hard Pres. was yapping today about evil Wall St......But can someone tell me how in the world he leaves out the biggest culprits,Fanni/Freddi,Dodd and B.Frank?
The B.S. that this guy spews is amazing and the saddest part is, there are people who actually believe it!
History lesson.....C.R.Act and Andrew Cuomo are the real evil S**theads here.....
Ok so the blow-hard Pres. was yapping today about evil Wall St......But can someone tell me how in the world he leaves out the biggest culprits,Fanni/Freddi,Dodd and B.Frank?
The B.S. that this guy spews is amazing and the saddest part is, there are people who actually believe it!
History lesson.....C.R.Act and Andrew Cuomo are the real evil S**theads here.....
Obviously Wall St is greatly to blame but to leave out all his buddies on The Hill is shameful.
Hopefully Americans realize they were all in on it.
The sad part is we are going to rely of a bunch of people to regulate a sector of the economy whose very livlihoods are the result of funds paid to them by the very sector they regulate.
Obviously Wall St is greatly to blame but to leave out all his buddies on The Hill is shameful.
Hopefully Americans realize they were all in on it.
The sad part is we are going to rely of a bunch of people to regulate a sector of the economy whose very livlihoods are the result of funds paid to them by the very sector they regulate.
Not a conflict of interest at all
Yes they are to blame,sort of...but but but..the Govt. rigged the game and the smarter businessmen figured away around it....Next time the Govt. should stop trying to influence (housing) and what people can afford!
Obviously Wall St is greatly to blame but to leave out all his buddies on The Hill is shameful.
Wall street is a revenue neutral transaction.
I buy a stock for $100, someone else sells that stock for $100. Revenue neutral.
I sell a CDS for $100K, someone else unloads $100K worth of rick.. Revenue neutral...
I buy an option for $5, someone else sells that option for $5.. again, revenue netural..
Wall Street didnt create nor are they to blame for the crash. Fannie/Freddie are who guaranteed bad mortgages and encouraged them to be packaged and caused a credit rating of AAA be assigned to mortgages for individuals who couldnt afford their homes.
Ok so the blow-hard Pres. was yapping today about evil Wall St......But can someone tell me how in the world he leaves out the biggest culprits,Fanni/Freddi,Dodd and B.Frank?
They are not even close to the biggest culprits in this mess. Those are nice Faux News talking points...Hannity to be specific. But you need to look at the big picture to understand what happened and what will happen again without reform.
Blame Wall Street banks for creating a market for the crap bonds, rating companies for making them saleable, and AIG for insuring the bonds. AIG was suckered so bad that they were insuring a $100mil bond for $500k.
They are not even close to the biggest culprits in this mess. Those are nice Faux News talking points...Hannity to be specific. But you need to look at the big picture to understand what happened and what will happen again without reform.
Blame Wall Street banks for creating a market for the crap bonds, rating companies for making them saleable, and AIG for insuring the bonds. AIG was suckered so bad that they were insuring a $100mil bond for $500k.
What exactly caused the problem in your mind.. This should be entartaining..
(p.s. rating companies made them saleable because they were guaranteed by the government, giving them a AAA rating. Thats the GOVERNMENTS fault, not the rating agencies fault)
I buy a stock for $100, someone else sells that stock for $100. Revenue neutral.
I sell a CDS for $100K, someone else unloads $100K worth of rick.. Revenue neutral...
I buy an option for $5, someone else sells that option for $5.. again, revenue netural..
Wall Street didnt create nor are they to blame for the crash. Fannie/Freddie are who guaranteed bad mortgages and encouraged them to be packaged and caused a credit rating of AAA be assigned to mortgages for individuals who couldnt afford their homes.
They are not even close to the biggest culprits in this mess. Those are nice Faux News talking points...Hannity to be specific. But you need to look at the big picture to understand what happened and what will happen again without reform.
Blame Wall Street banks for creating a market for the crap bonds, rating companies for making them saleable, and AIG for insuring the bonds. AIG was suckered so bad that they were insuring a $100mil bond for $500k.
blame the government for BAILING OUT THE LOSERS. here is my favorite article that i have read on this entire mess so far and i hope everyone could take the time out to read it:
blame the government for the bailouts and for no actual reform. we could get this right if we tried!
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