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Originally Posted by Writewing
Yes its broken but that doesnt mean Obama has the best fix so its best to not pass a failed idea.
The Bailouts cant be proven to have actually helped stay off an impending doom but its done, Bush and our current Pres are equally guilty.
Regulation of private business is never a good thing, and had it not been for Barney, Dodd and other Left flunkies selling the idea that everyone should get a home even if they cant afford it the banks would never have made those choices that sunk them to begin with.
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That last is GOP bullshit and you know it. Home ownership was encouraged but not the way the brokers and lenders did it. Our mortgage ssystem unfortunately is designed to encourage greed because there is no penalty.
I doubt that in a court of law the judge would accept "Your honour they encoraged me to rob the bank" as an excuse. The brokers and the banks did what they did knowingly because they were not at risk out of sheer greed.
But keep parroting that tired old cliche about unfettered capitalism if it keeps you happy.