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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: Onelifetogive

Chicken/egg. Real estate became inflated due to the crap loans.


3 posted on 06/08/2011 8:19:47 PM PDT by Jim 726
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To: Onelifetogive

The subprime crisis was caused by grossly inflated real estate purchased by complete idiots who didn’t have the means to pay!


4 posted on 06/08/2011 8:19:56 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Onelifetogive
What a retarded statement.

I'll second that. It's all a part of dumbing down the population.

6 posted on 06/08/2011 8:25:00 PM PDT by Barnacle (Is treason a high crime or misdemeanor?)
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To: Onelifetogive

The drop in values would not cause a ‘crisis’ to anyone with a) Reasoble equity from a down payment or b) A continuing ability to make payments. The ‘crisis’ was brought by idiots with zero, or even less than zero equity. These alleged ‘journalists’ are interjecting a lot of ‘feeling’. These people played with fire and got burned.


9 posted on 06/08/2011 9:06:12 PM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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