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1 posted on 06/08/2011 7:56:51 PM PDT by Jim 726
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To: Jim 726
The subprime crisis was caused primarily by the crash of real estate values and not by risky loans.

What a retarded statement.

2 posted on 06/08/2011 8:12:55 PM PDT by Onelifetogive (I tweet, too...)
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To: Jim 726

Stupid is as stupid does.

People were told this was coming, the numbers were explained, and they drove over the cliff anyway.

We are nowhere near the bottom, and the housing bubble ain’t gonna unpop.


5 posted on 06/08/2011 8:21:35 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Jim 726

Need more investigation and publicity on Community Reinvestment Act and banking regulations that strong-armed the banks.


7 posted on 06/08/2011 8:27:45 PM PDT by PieterCasparzen (If you are a Patriotic Conservative Christian Capitalist, please Visit my Profile)
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To: Jim 726
"The subprime crisis was caused primarily by the crash of real estate values..."

IMO, real estate was and is overvalued relative to the rest of the economy.


10 posted on 06/08/2011 9:13:52 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness heard across the universe.)
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To: Jim 726

Check this old article on the linkage of the subprime crisis and the invasion of millions of illegal aliens.
http://www.humanevents.com/article.php?id=33821


11 posted on 06/08/2011 9:40:17 PM PDT by oldbill
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