Re: Re: Looking back

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Anonymous
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@garysfbcn wrote:

1. It was actually not deregulation but regulation from the governments “Freddy Mac and Fanny Ass” that basicly totally destroyed all sense of rating risk that brought on the sub-prime crisis. The government basicly said to all other banks and lenders that lending to people that couldn’t pay was a good thing.

That is a ridiculous statement and it is not the cause of the problems.

It is typical of libertarians and “anti-government” folks to over-simplify or mischaracterize issues for the sake of their ideologies.

Adress the subject instead but I guess you agree with me on this.

While we are still offtopic I might enlighten you that I’m very praghmatic in my views.