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Avinash_Tyagi said:
badgenome said:
Avinash_Tyagi said:
badgenome said:
Avinash_Tyagi said:

Actually government does have a role to play in a lot of aspects of our life, in fact if not for the government role, our economy would have collapsed a year ago

Er... the government caused the problem in the first place.

And whatever disaster they've managed to forestall, they have only continued to exacerbate in the long term.


  No, they didn't, the causes were pretty much across the board, sorry (you need to stop getting all your info from fox news)

So government intervention in the housing market wasn't a driving factor? Seriously?

LOL YOU PLAYED THE FAUX NEWS CARD THO I GUESS THAT MEANS U WINZ

No more than predatory lending and over-leveraging and taking on too much debt by consumers and private companies lack of regulation of shadow banking, like I said don't just take what the right wing sites tell you about the crises, lending institutions didn't have to give out loans to people who had no income and no jobs, they did it because they thought the market would keep going up and wanted to cash in, and people wanto get the loans for the same reason this wasn't the government forcing it

Instead, just take what the left wing news sites tell you?

The problem was everyone. The door was opened by the government subsidizing homes loans for those that banks would never have given loans to if the government didn't pay them to do it.

How that can not be blamed on the government in your eyes, is beyond me.