A very good summery of the credit problems in the US

Superfreak said:
Yes, Desh, they offered incentives to use their credit. But the CONSUMER is the one that made the decision to USE the credit. You act as though people are too stupid to understand how credit works and that they must all be "tricked" into using it. This is typical bullshit from the left where the mantra is "its not the individual's fault... its the corporations that made them do it."
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Blaming the consumer for the mess
 
Superfreak said:
Seriously Desh... how many times are you going to post the above crap?

How many times must it be pointed out to you that the dismantling of Glass Steagall began before Clinton even took office in 1993? It began in 1992 under Bush and a dem Congress.

Clinton continued breaking it down under the Fair lending act of 1995 (under a Rep Congress). Clinton further broke it down when he signed Gramms bill.

The current Bush and the corresponding Rep and Dem Congresses have done nothing to put Glass Steagall back in place.

This was a policy put into place by idiotic politicians in BOTH parties who wanted to claim "more people own homes than ever before".

But I do applaud the fact that you FINALLY learned how to spell the word "public".
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pwned
 
Superfreak said:
Yes, Desh, they offered incentives to use their credit. But the CONSUMER is the one that made the decision to USE the credit. You act as though people are too stupid to understand how credit works and that they must all be "tricked" into using it. This is typical bullshit from the left where the mantra is "its not the individual's fault... its the corporations that made them do it."
Click to expand...


post 52 which is your second post
 
You were proven wrong by reality



The banks played all sorts of tricks on people and the courts show that.


You just keep blaming the little guy
 
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