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badgenome said:
Avinash_Tyagi said:

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

You might want to familiarize yourself with the Community Reinvestment Act. kthxbai


  Yes, I am familiar with it, but that didn't cause landing institutions to start handing out loans to people with no income and no jobs, didn't force consumers to take those loans, didn't cause the lack of regulation in the shadow banking, those had nothing to do with the government, and were just as big if not bigger causes



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)