Comments (6) Jump to Comments Form

1. 

   KingRat said, 11 months ago

   in an unfettered free market the loans would have been turned down.

2. 

   Fenyugreek Tubbsbott... said, 11 months ago

   So much said so simply. Truly a brilliant piece.

3. 

   boozoothatswho said, 11 months ago

   KingRat says:

   in an unfettered free market the loans would have been turned down

   So, deregulation and blind oversight made them do that?

4. 

   KingRat said, 11 months ago

   no $10,000 fines for turning down mortgages and fanny and freddy guaranties on all home loans made for a toxic combo. Without that there would not have been enough BBB loans to bundle them into AAA securities.

5. 

   pschearer said, 11 months ago

   How typical of leftists that it is the free market and not an unfettered government that gets portrayed as a rampaging monster.

   The evidence of history is overwhelming: nations are prosperous to the extent of their economic freedom and poverty-stricken to the extent of their government controls. Didn’t the 20th century teach people anything?

   (Note to KingRat: sounds like you understand the issues.)
   (And to boozoothatswho: it sounds like you don’t understand the nature of regulation as punishing the innocent and giving cover to the guilty. I suggest you look up Ayn Rand’s book “Capitalism, the Unknown Ideal” to learn what capitalism really is as opposed to the mixed economy we have now.)

6. 

   kokorozashi said, 10 months ago

   Ayn Rand? Bwa ha ha ha! Where is the ‘ignore’ button on this thing?