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<p>[QUOTE="statequarterguy, post: 2218192, member: 21782"]That's one way to look at it. Even so, I don't think a financial institution can legally hide all its bad paper in a package and sell it as investment grade.</p><p><br /></p><p>This blaming the government and/or the private sector is kind of a fool's argument, not that you're a fool, as it is what we're fed by the media. It's foolish because the private sector is the government.</p><p><br /></p><p>Ask yourself, why did so many mortgages go bad? Have anything to do with allowing 10's of millions of good paying jobs that were paying those mortgages to leave the shore through unfair trade agreements? Oh right, that's just the private sector maximizing its profit and a government controlled by the private sector allowing them to do it. Of course the government (controlled by the private sector) claimed they couldn't stop them from leaving. BS, if they want to sell in our market, we could require they operate here and employ here, as any country that cares about its citizen does.</p><p><br /></p><p>Just my theory, <span style="color: rgb(255, 0, 0)">To you it is a theory, but it falls into the area of political rants with no or few substantiated facts, so all need to stop the direction this is headed. Go to partisanlines.com if you wish to continue this line. Thanks</span></p><p><span style="color: rgb(255, 0, 0)"><br /></span></p><p><span style="color: rgb(255, 0, 0)"><span style="color: rgb(0, 0, 0)">Oh gosh, that was the best part, there were lots of facts there, not facts that many want to accept, but the proof is out there. But okay, I'll take it to partisanlines.com</span></span>[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 2218192, member: 21782"]That's one way to look at it. Even so, I don't think a financial institution can legally hide all its bad paper in a package and sell it as investment grade. This blaming the government and/or the private sector is kind of a fool's argument, not that you're a fool, as it is what we're fed by the media. It's foolish because the private sector is the government. Ask yourself, why did so many mortgages go bad? Have anything to do with allowing 10's of millions of good paying jobs that were paying those mortgages to leave the shore through unfair trade agreements? Oh right, that's just the private sector maximizing its profit and a government controlled by the private sector allowing them to do it. Of course the government (controlled by the private sector) claimed they couldn't stop them from leaving. BS, if they want to sell in our market, we could require they operate here and employ here, as any country that cares about its citizen does. Just my theory, [COLOR=rgb(255, 0, 0)]To you it is a theory, but it falls into the area of political rants with no or few substantiated facts, so all need to stop the direction this is headed. Go to partisanlines.com if you wish to continue this line. Thanks [COLOR=rgb(0, 0, 0)]Oh gosh, that was the best part, there were lots of facts there, not facts that many want to accept, but the proof is out there. But okay, I'll take it to partisanlines.com[/COLOR][/COLOR][/QUOTE]
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