tag:blogger.com,1999:blog-316774933262163695.post9198013520849200634..comments2023-10-11T08:31:50.397-04:00Comments on moneythoughts: The Present Economic Crisis: Place The Blame Where it Belongsmoneythoughtshttp://www.blogger.com/profile/08462893426608294171noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-316774933262163695.post-49098185477383722542008-11-19T14:33:00.000-05:002008-11-19T14:33:00.000-05:00I have never seen the mood in America this negativ...I have never seen the mood in America this negativewinslowhttps://www.blogger.com/profile/13031974674813319353noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-91872928386561591712008-11-18T13:58:00.000-05:002008-11-18T13:58:00.000-05:00I agree, the poor just asked for the loans. It wa...I agree, the poor just asked for the loans. It was up to the loan companies to not be so greedy and to simply say NO, you don't qualify. Same goes to buying cars but there are those lenders that you hear commercials for that say "have a problem with credit?" come on in we'll help you. How about the credit cards. They'll be next. Can't afford to pay for YOUR mistake, here we'll give you more credit.<BR/><BR/>Don't blame the poor or ignorant of the understanding of the financial ways of banks and loan institutions.Butchhttps://www.blogger.com/profile/01617356024199023401noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-64049705928660664002008-11-17T16:25:00.000-05:002008-11-17T16:25:00.000-05:00I doubt that Bush or Cheney will write anything. ...I doubt that Bush or Cheney will write anything. Who would believe what they have to say? This duo is one for the ages. Hopefully, it will be another 200 plus years before this country sees anything like them again.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-56484140567787194242008-11-17T16:01:00.000-05:002008-11-17T16:01:00.000-05:00You are so correct. Misrepresentation (or lying, i...You are so correct. Misrepresentation (or lying, in some instances) is ingrained in our society. I never thought I would see the day when leaders or educated individuals would lie and cheat...but it is upon us. This is done 1) on purpose, to pursue the ends or 2)unknowingly because of one's belief or ideology. <BR/><BR/>It's my belief this has occurred because we are taught that what you have makes you successful. The more acorns you gather, by any means, the more success you achieve.<BR/><BR/>In the case you cited, Bush is either lying or really believes the subprime borrowers were responsible. <BR/><BR/>I just read an article in IBD on the 10 traits that make a good leader. One trait was a leader is always positive and never shows stress. I disagree with this. I would rather be told the truth......and then we can all work on a solution. Let's go back to the Bush administration the last several years....we were told the economy was not that bad and that the housing problem was self-contained and would not spread. So, were they trying to be "good" leaders, were they lying outright, or did they really believe all was okay? Maybe we'll know when their memoirs are printed and they prove how "successful" they were.winslowhttps://www.blogger.com/profile/13031974674813319353noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-40511423693031926512008-11-14T11:50:00.000-05:002008-11-14T11:50:00.000-05:00Lou, it was President Bush I was talking about. H...Lou, it was President Bush I was talking about. He spoke in NYC yesterday to a group. I'll repeat myself. Without the sub prime mortgage bond, sub prime mortgages don't even get off the ground. It was the fact that the mortgages could be bundled into bonds that made this whole thing possible. And, that is just the beginning, there was a lot more risk taking that pushed the stakes even higher.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-88713385033880325692008-11-14T11:37:00.000-05:002008-11-14T11:37:00.000-05:00Sub-primes were the first or second pebble in the ...Sub-primes were the first or second pebble in the water, that's all. They instigated the crisis in confidence that has been the real culprit in all of this - and that's all the Pres-elect was pointing to, I think.Anonymoushttps://www.blogger.com/profile/13024392628362568010noreply@blogger.com