Slartibartfast wrote: Henry Plainview wrote: IVNORD wrote: Slartibartfast wrote: Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods. http://mediamatters.org/items/200810100022 You manage to find the worst propaganda drivel on the web. I wonder who are the "other media figures." Non-conservative? Read the liberal New York Times series,  the piece on Fannie in particular   http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html   THey don't mention lots of facts and avoid mentioning Clinton altogether, but they are more objective than the one in your link Seriously, Slartibartfast, your links are almost always atrocious. It is seriously a badge of honor that you guys consider my links atrocious.

It's  a badge of dubious honor.

IVNORD wrote: BaldJean wrote: to lay the blame on the expansion of affordable housing is indeed a myth and nothing but a myth. but we will hear that drivel again and again. banks don't make or lose their money with that; it is the stock market where the money is lost and won You have to do some serious reading on the subject

believe me, I did

I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.

Henry Plainview wrote: crimhead wrote: I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.   Who's with me? Who couldn't use another $1000 to fill up the tank of their car? Are you joking, or do you not realize why that's a terrible idea?

Lighten up Francis,....it was all tongue in cheek.

Syzygy wrote: In London that wouldn't even get you a 2 bedroom flat. Property prices are going into free fall in the capital, which is actually not bad news for teachers, nurses, policemen and all those other insignificant little people who have had the bottom rung of the property ladder jerked out of reach for so long. It's an ill wind and all that.

Agreed - it was reported last night on the BBC that the highest falls in the private property sector have been in the 'luxury' end of the new apartment/flat/warehouse conversions end of the market - all the properties built in the last few years to supply the demand for top-end apartments which never materialised - now city centre property developers are going bust left right & centre...

Hmmm... do I feel sorry for them??

Federal Reserve Board data show that:

• More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
• Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
• Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
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