2 month ago
deusx : Let Risk-Taking Financial Institutions Fail - TIME - "Rather than bailing out Wall Street, we propose that the government should buy up the actual mortgages in question and do nothing else. The government should not touch any derivatives; that is, claims that do not directly tie into the actual mortgag
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5 month ago
jcgregorio : The Subprime Mess and Phil Gramm: An Experiment in Deregulation | InjuryBoard Los Angeles - Hard to lay the blame for the second Bush recession all on one man, but Gramm comes close to earning it.
deusx : The Subprime Mess and Phil Gramm: An Experiment in Deregulation | InjuryBoard Los Angeles - "In 1999, former Senator Phil Gramm (who is, incidentally, Senator John McCain's economic adviser and cochairs his presidential campaign) set out to completely gut the Glass-Steagall Act, and did so successfully,"
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15 month ago
deusx : This is Why I Rent: Median Incomes Do Not Support Median Home Prices | eFinanceDirectory.com - "When you rent, most people mistakenly assume the decision is made out of necessity, not rationality. But there is a very good reason to rent in today's bubble-stricken market: median incomes do not support median home prices."
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