TheRealMafoo on 31 March 2009
| akuma587 said: So...obviously it had nothing to do with the securitization of mortgages which were being sold on the market like they were pure gold. It was all the CRA, lurking around since 1977 that had been planning and plotting this. It had nothing to do with all the Wall Street firms getting up to their eyeballs on the secondary mortgage market, which didn't even exist when this legislation was passed. It was definitely nothing but the CRA. |
So a forest fire should not be blamed on the man who threw a match in the woods. It's really the fault of the trees.
Those mortgages should not have been around in the first place. If the government had not messed with capitalism, we would not be in this mess, period. You can try and push blame anywhere you like, but the fact is this is not the fault of capitalism.
As for the mess that you speak of, yes that as well should have not been allowed to happen. It does not make this mess less the fault of government.
