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No, it's the best take. Deregulation allowed lenders to

Posted on: March 1, 2021 at 12:43:20 CT
SparkyStalcup MU
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basically make toxic loans that weren't worth shyte, make their money from the loan fees, sell the loans off packaged into AAA-rated securities, and attempt to dump all of the risk onto AIG and other insurers. No capital requirements, any credit score over 300 was fine.
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Watching DeBlasio absolutely throw Cuomo under the bus - Ragnar Danneskjold MU - 3/1 11:18:46
     Trump is the only thing that kept those two from each others - DHighlander NWMSU - 3/1 13:53:35
     Dumblasio is a committed communist. Cujo is a committed - hokie VT - 3/1 13:17:01
     He now says he has watched Cuomo's bullying many times - 4TigersinMichigan MU - 3/1 11:43:50
          They were bickering at times last year - Eggs MU - 3/1 12:10:21
          They haven't gotten along very well for a while nm - SparkyStalcup MU - 3/1 12:03:58
               I wonder if they can set aside their differences, and get - ummmm MU - 3/1 12:13:09
                    Or maybe they could massively deregulate the banks and cause - SparkyStalcup MU - 3/1 12:35:58
                         lmfao (nm) - 90Tiger STL - 3/1 14:10:37
                         lol - pickle MU - 3/1 13:04:50
                         deregulation did not cause the financial crisis. This might - dangertim MU - 3/1 12:38:05
                              No, it's the best take. Deregulation allowed lenders to - SparkyStalcup MU - 3/1 12:43:20
                                   No. See: austrian business cycle theory (nm) - pickle MU - 3/1 13:05:50
                                   The government put pressure on them to make loans - meatiger MU - 3/1 13:00:38
                                        No, they didn't, but nice try. Nm - SparkyStalcup MU - 3/1 13:03:19
                                             Yes they did - meatiger MU - 3/1 13:26:01
                                             RE: No, they didn't, but nice try. Nm - dangertim MU - 3/1 13:12:01
                                   who rates securities? (nm) - ashtray UF - 3/1 12:55:00
                                   "deregulation" (see Ummmm's post below) did not cause it. - dangertim MU - 3/1 12:46:18
                                        And regulators were not holding their feet to the fire about - SparkyStalcup MU - 3/1 12:48:30
                                             regulators should not do anything of the sort(nm) - MizzouAstro MU - 3/1 12:58:47
                                                  Then you will get many more financial crises nm - SparkyStalcup MU - 3/1 13:02:35
                                                       no(nm) - MizzouAstro MU - 3/1 13:24:49
                                                       why does government protection sound a lot like - dangertim MU - 3/1 13:13:06
                                             so only if the regulators regulated more?(nm) - dangertim MU - 3/1 12:49:28
                                                  The lenders can't always be trusted to follow the rules of - SparkyStalcup MU - 3/1 12:53:18
                                                       Because they know they will be bailed out. (nm) - ummmm MU - 3/1 13:06:50
                                                       RE: The lenders can't always be trusted to follow the rules of - dangertim MU - 3/1 13:06:31
                                                       no, they weathered the crisis because they didn't buy - ashtray UF - 3/1 12:56:03
                                                            They can't legally purchase many of those products nm - SparkyStalcup MU - 3/1 12:57:13
                                                                 and if they could - ashtray UF - 3/1 13:06:41
                              Not to mention, there was no MASSIVE deregulation - ummmm MU - 3/1 12:41:39
                    Yes, they could emulate Texas and mismanage the crap out - SparkyStalcup MU - 3/1 12:33:01
                         Oddly, grid worked fine until progressive green shyte - RHAYWORTH MU - 3/1 12:43:21
                              Because Texas didn't winterize them; no one required them - SparkyStalcup MU - 3/1 12:46:38
                                   who forces Canada, which doesn't experience freezing rain, - dangertim MU - 3/1 12:48:48
                                        Are you high? Canada experiences freezing rain - SparkyStalcup MU - 3/1 12:55:08
                                             And so does Texas. Nm - SparkyStalcup MU - 3/1 12:56:02
                         That would be one way to do it, indeed. (nm) - ummmm MU - 3/1 12:35:40
                              Yes, the unfettered free market doesn't always produce the - SparkyStalcup MU - 3/1 12:37:19
                                   lmaooo (nm) - pickle MU - 3/1 13:06:43
                                   let me know the next an unfettered free market exists(nm) - MizzouAstro MU - 3/1 12:59:39
                                   Better tell the Public Utility Commision of Texas their rule - dangertim MU - 3/1 12:47:28
                                   lol "unfettered" - Ragnar Danneskjold MU - 3/1 12:43:55
                                   It's like you live in an alternate universe. - ummmm MU - 3/1 12:42:47
                                   nothing about energy production or infrastructure is - dangertim MU - 3/1 12:39:29
     ratfights are cool - TigerJackSwartz MU - 3/1 11:36:09
          I would not be shocked if DeBlasio has similar skeletons - Spanky KU - 3/1 11:43:17
               I would be shocked if he doesn't (nm) - TigerJackSwartz MU - 3/1 11:58:06




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