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| Topic: The Fuel That Fed The Subprime Meltdown | |
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For all of us who are struggling to understand the complex causes and possiable solutions to the current financial crisis there's an excellent article from Forbes at: http://www.investopedia.com/articles/07/subprime-overview.asp?viewall=1
The article is full of links that will help the reader understand the language and background of the crisis. For those of you who just want to call names and point fingers...don't bother to read it. It would be wasted on you anyway. |
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That was a good read!
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I agree...Keep up the good work Lynan..Helped me understand it atleast alittle better.
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now that is a good article. I may have to read it a couple of times haha
FINALLY somebody posted something that is not defined solely in terms of partisan hatred there is soooo much more going on in the world than "I hate George Bush" or "liberals suck" |
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now that is a good article. I may have to read it a couple of times haha FINALLY somebody posted something that is not defined solely in terms of partisan hatred there is soooo much more going on in the world than "I hate George Bush" or "liberals suck" I agree: Americans are in trouble. The Republic is in danger. |
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I agree
it's in danger of imploding under it's own weight because the people are fat and lazy and spoiled and living off their own fat we don't produce anything anymore all we do is borrow and live a lavish lifestyle fueled by TV and instead of actually getting off our asses and DOING anything we whine and blame everyone but ourselves what is the big new Wonder of the World? it's NOT American maybe the Three Gorges Dam (China) or the new Supercollider, but it's NOT American |
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Just bumping the thread in hopes more people read it haha
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Great and very informative link - thank Lynn
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Edited by
s1owhand
on
Fri 09/26/08 01:08 PM
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it is the savings and loan scandal all over again...
with about 5 times the money at stake. remember Michael Milken? i suggest the book "Licensce to Steal: The Untold Story of Michael Milken and the Conspiracy to Bilk the Nation" by Ben Stein absolutely a great great book. substitute the phrase subprime mortgage backed securities for "junk bonds" and well there is a certain similarity. 
but also there is an excellent article here in the wiki... http://en.wikipedia.org/wiki/Subprime_mortgage_crisis Fannie Mae and Freddy Mac, Bear Stearns, Lehman, etc... play the part of the S&Ls |
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Edited by
quiet_2008
on
Fri 09/26/08 12:47 PM
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yeah but there is no Conservative/Liberal blame dirt slinging so this thread will prolly die
The article pretty much squares with how I see the problem too I still think that we should actually let it all collapse and endure the recession rather than just defray it till later with loans against the deficit |
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we won't find out for years how
bad it is. but i see no reason why we shouldn't go after all the billions of dollars paid out over the last few years to those who made money off of gaming the system... go go fbi! - find the fraud, make them pay - yes...financially. help to defray the rising cost to the public. 
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so it is all to be blamed on the terrorists that caused 9-11
interesting maybe a little blame should be put on those that think because their neighbor can afford something that they are entitled to the same things |
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Another bump for those who are just coming home from work.
Information Please! hehe |
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it's pretty funny how you found an article that has no mention of B. Clintons role in this mess, even though he and anyone who hasn't been sleeping for the last 14 years...can plainly see that social engineering was a huge percentage of what went wrong here...when you interfere with the markets...you pay the price...just google bill clinton sub-prime loans...and...you'll see where the bulk of this problem stems from...the republicans controled congress back then...but not until Jan 1995...billy boy got this whole mess through in '94...look it up !
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I posted an article that explains the terms and mechanisms that are in play in the current financial crisis.
Sorry I didn't go for partisan hackery! It plays so much better here doesn't it? |
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it is the savings and loan scandal all over again... with about 5 times the money at stake. remember Michael Milken? i suggest the book "Licensce to Steal: The Untold Story of Michael Milken and the Conspiracy to Bilk the Nation" by Ben Stein absolutely a great great book. substitute the phrase subprime mortgage backed securities for "junk bonds" and well there is a certain similarity.
but also there is an excellent article here in the wiki... http://en.wikipedia.org/wiki/Subprime_mortgage_crisis Fannie Mae and Freddy Mac, Bear Stearns, Lehman, etc... play the part of the S&Ls Hmmm... Neil Bush? |
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yeah but there is no Conservative/Liberal blame dirt slinging so this thread will prolly die The article pretty much squares with how I see the problem too I still think that we should actually let it all collapse and endure the recession rather than just defray it till later with loans against the deficit I totally agree, how many times can you prop up a weakened structure before it falls anyway? I know how to live from paycheck to paycheck and on even less than that. |
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this bailout might not even work
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maybe a little blame should be put on those that think because their neighbor can afford something that they are entitled to the same things Maybe a little blame could fall on the complete avarice and greed of the banks? |
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If America is not growing, it is dying. that's already been proven by the Romans, Persians, and the British
and we are doing a crappy job of keeping up with India and China |
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