Quote:
Originally Posted by pocketkangaroo
No I don't, but I still don't completely blame it on them. It's the fault of bad businessmen, dumb borrowers, and greedy investors. The fault of many Americans who didn't realize that their home doubling in price every 5 years wasn't normal. No one held a gun to Fannie Mae's head and told them to leverage themselves too much. No one held a gun to the guy making $30k a year and told him to take out a $500k mortgage.
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I hate you but completely agree with you here. Regardless the Obama administration is handling this like a complete fucking amateur morons. There isnt a SINGLE thing they have done that will help the credit markets to get moving again(which would solve about 50% of the problem we have with company cash hording right now). They could nationalize the banks and weed out the bad ones or they could just let them fail, both are WAY better options than what they have done with this "stimulus" bill. The bill does nothing but delays some unemployment numbers, socialize more programs and lowers the value of American currency.