The Official Presidential Debate Thread (Round 2)

[BleedBurgundy]

Originally Posted by firstdown

Fred & Fan had to pick up this bad papper because congress got involved with how banks gave out loans which is the biggest part of this entire mess. If congress kept their nose out of lending and banks kept up their conservative approach knowing they where stuck with any bad papper then they would have done so. This just goes back to goverment screws up everything they touch but heck lets give them more power. Why not let them screw up health care even worse or keep screwing up the school system, SS, etc.. because they do such a fine job. Funny thing is the two guys running for office both had a hand in these poor decisions. Yes both McCain & Obama are as guilty as anyone in this mess. Now we get to vote for them to fix the mess that they helped create to start with and you know what we will get. More goverment and goverment programs that over spend and are poorly run.

Agreed but, correct me if I'm wrong, I don't think Fred and Fran were FORCED to take on all of these subprime loans, the GOV just gave them the option and they took advantage of it. But, looking at your entire post, I can see we mostly agree.

[FRPLG]

Originally Posted by BleedBurgundy

Agreed but, correct me if I'm wrong, I don't think Fred and Fran were FORCED to take on all of these subprime loans, the GOV just gave them the option and they took advantage of it. But, looking at your entire post, I can see we mostly agree.

Forced? No. At least not in a legal sense. I believe.

But yes "forced" in terms of manipulated so that their best way to make money was by buying junk loans.