tag:blogger.com,1999:blog-27939552.post5687223633179456361..comments2023-11-02T07:54:22.317+00:00Comments on Unenlightened Commentary.: Can We Not Just Shoot Them Now?Rosshttp://www.blogger.com/profile/02263275229285861236noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27939552.post-7504780775434484312009-09-19T22:12:51.980+01:002009-09-19T22:12:51.980+01:00Whilst the ultimate cause of the financial collaps...Whilst the ultimate cause of the financial collapse will be discussed for decades it seems to come down in large part to the sub prime crisis.<br /><br />The sub prime crisis was caused by giving loans to people with poor credit histories who were buying houses in overheated housing markets and that was to a great extent as a result of pressure from the US government to lower lending standards.<br /><br />Not soley through the mechanism of <a href="http://www.city-journal.org/2008/eon1030hh.html" rel="nofollow">the CRA </a>but also through their effective control of Fannie Mae & Freddie Mac.Rosshttps://www.blogger.com/profile/02263275229285861236noreply@blogger.comtag:blogger.com,1999:blog-27939552.post-53332450037322781132009-09-19T19:36:34.989+01:002009-09-19T19:36:34.989+01:00You don't really believe the world recession a...You don't really believe the world recession and financial crisis was caused by the CRA, do you? I think even the Spectator was taking the piss when it made the claim.Matthewhttps://www.blogger.com/profile/13214026669109045616noreply@blogger.comtag:blogger.com,1999:blog-27939552.post-1314236737653064482009-09-19T15:31:57.763+01:002009-09-19T15:31:57.763+01:00Oh, good grief! Yes. Let's just shoot them now...Oh, good grief! Yes. Let's just shoot them now...JuliaMhttps://www.blogger.com/profile/07844126589712842477noreply@blogger.com