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"The really big threats came from big banks anxious to keep their subprime accounting tricks going as long as possible, and to keep up their oh so profitable de
by miked 18y ago
"The really big threats came from big banks anxious to keep their subprime accounting tricks going as long as possible, and to keep up their oh so profitable derivatives game."
Would these be same "oh so profitable" banks that are currently going backrupt?
"This article, from NINE YEARS AGO..."
Ummm, that makes the article all the MORE powerful, not less. Points are awarded for predictive power, the further in advance and the less conformist the thinking the better. "Conformist thinking" meaning "everything your professors, the mainstream media, the teacher's unions, and Hollywood shove down our throats.
"wasn't making bushel barrels of money for the people who helped keep a certain political party in power for most of this last decade,"
Finally, we are agreed. See my reply to powellb above. I didn't mention the names or the political affiliation of the top six recipients of donations from Fannie and Freddie. Strangely, you didn't either. Nor did you mention the name of the Congressional Caucus that has pushed this emtire mess on us from day 1. No need to link to it, in any case. It will be showing up in TV ads soon enough.