Comments on: How Not To Fix The Subprime Mortgage Crisis, Part II http://www.thelibertypapers.org/2007/10/23/how-not-to-fix-the-subprime-mortgage-crisis-part-ii/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 22 May 2013 18:26:11 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: tkc http://www.thelibertypapers.org/2007/10/23/how-not-to-fix-the-subprime-mortgage-crisis-part-ii/#comment-41397 tkc Tue, 23 Oct 2007 19:46:38 +0000 http://www.thelibertypapers.org/2007/10/23/how-not-to-fix-the-subprime-mortgage-crisis-part-ii/#comment-41397 If they pass this and then the banks refuse to make any loans except to only the very wealthy then they’ll cry class warfare. This bill is a catch-22.

I like this part:
“The people who package mortgages and sell them into the secondary market were a major cause of the single biggest world financial crisis since the Asian crisis” of 1997-8, Mr. Frank said, “and it’s unthinkable that we would leave that undisturbed.”
Actually, that is precisely what he should do. Leave it alone and let the banks that made the bad loans take the hit.

]]> By: Greg http://www.thelibertypapers.org/2007/10/23/how-not-to-fix-the-subprime-mortgage-crisis-part-ii/#comment-41337 Greg Tue, 23 Oct 2007 13:01:36 +0000 http://www.thelibertypapers.org/2007/10/23/how-not-to-fix-the-subprime-mortgage-crisis-part-ii/#comment-41337 yay ignorant democrats. I can almost smell a recession in the air. A sweet sweet recession.

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