To: SeekAndFind
It was both the smart guys (I tried to be for a billionaire here but he was too stupid. long story). But the only way the balloon could happen is with government protecting the failures. Fannie and Freddie and Fed pumping etc all added fuel to the fire.
9 posted on
10/14/2009 9:04:41 AM PDT by
FastCoyote
(I am intolerant of the intolerable.)
To: FastCoyote
But the only way the balloon could happen is with government protecting the failures
Ahhh yes, those were caused by some smart guys in Washington too. Clinton and Barney Frank are both Ivy League grads. Frank Raines, former Chairman of Fannie Mae was also a Harvard Grad.
To: FastCoyote
Exactly!
The Government has been protecting the financial industry for decades.
26 posted on
10/14/2009 9:45:11 AM PDT by
griswold3
(You think health care is expensive now? Just wait till it's FREE!)
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