>>>It would be interesting to hear from you, who is responsible for the financial crisis and how you think we can ensure our children a future without dealing with the enormous financial problems right now?
>>
>>PMFJI
>>
>>Here is a long but worthwhile timeline of the events that led us to today's mess.
>>http://www.ibdeditorials.com/IBDArticles.aspx?id=310173877357981
>
>Are you really buying this? Sure the events might be correct (but incomplete, as I did miss Bush speech in 2003 at the washinton university promoting Fanny mae and freddy mac as the banks who are working on plans to enable each american to buy a house), but are you really unable to see the political motives bleed through. If you don't, please imagine what a democrat would write.

I've seen what the Democrats have written, and what the socialists have written and I've then looked at the long history of legislative, activist and political events leading up to this and have concluded that this timeline, while incomplete with regards to all the hands involved, is essentially accurate and those blaming "free wheeling capitalism" and "de-regulation" are either ignorant or lying. My suspicion is the latter considering the political season.

>It certainly would not be something that ends with "The narrative is of another failed socialist experiment, this time a massive federal effort imperiling the whole U.S. banking industry."

That's exactly what it was. The regulators/politicians/activists etc forced banks to break long held lending standards in order to give money to people who would not be able to pay it back. They changed the rules so that it was illegal to not accept subprime borrowers and then they changed the rules at Fannie/Freddie to hide the risk. It was bad regulation based on a flawed social experiment pushed through by politicians and activists. This has nothing to do with the free market.

>If you can come up with something that really lists the unbiased fact rather than pre cooked and politically loaded conclusions, I'd be more inclined to accept it.
>This is a perfect example of manipulating media... I can't believe people are buying into this crap (unless they want to read what they want to believe).

Where exactly is the "crap". This is a timeline of events, you can look them up. You can find video of the committee hearings. You can find the legislation online. It's all there for the world to see. Or you can simply scream "greed", "free wheeling capitalism", "de-regulation", "Obama 08", without regard for the facts.

>sigh...

My sentiments exactly. I'm already regretting jumping into this discussion. My head has barely healed from the last time I bashed it into the wall discussing this topic.