Comments on: Practical Alternatives For Commercial Finance Funding

By: Keith

Keith — Wed, 23 Jun 2010 09:50:59 +0000

http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html
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By: Brokeback Brady

Brokeback Brady — Wed, 23 Jun 2010 09:48:59 +0000

The greedy american who bit off more then they can chew!
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By: Lana Lang

Lana Lang — Wed, 23 Jun 2010 09:46:59 +0000

Barney Frank for pushing Freddie Mac and Fannie Mae to hand out subprime loans. Chris Dodd, Obama, and others for taking tens of millions (Obama placed second at 90 Million dollars) of dollars from Freddie. The dems milked Fannie and Freddie. They also ran congress.

When people couldn’t pay off their loans, the money dried up. Banks didn’t want to lend other banks money. Without the flow of money between banks, our economy ground almost to a halt.

Then you have Obama, who flippantly says he will tax the bejesus out of us. So investors are withdrawing from the stockmarket in hordes, shocking the economy.

Obama is very involved with screwing up our economy already. He’s not even the president yet.
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By: Bruce L

Bruce L — Wed, 23 Jun 2010 09:44:59 +0000

It’s very complex and many mistakes have been made by government as well as the mortgage industry but the one factor that stands out above all is the desire of people to "keep up with the Jones". Without this factor none of this would have happened but how can you expect people to live within their means when you dangle enticing offers and gee whiz electronics in front of them and give them lines of credit that they should never really have had? It’s like the story of the Garden of Eden, Eve and the forbidden fruit that Satan made so enticing.

Here is an extremely good article that puts a good handle on what has happened over the years. It’s pretty long, but a definite must read.
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http://seekingalpha.com/article/90892-the-great-consumer-crash-of-2009

By: tribeca_belle

tribeca_belle — Wed, 23 Jun 2010 09:42:59 +0000

Right, blame everyone. One thing is clear -- we have been lacking decent, responsible leadership for years and we are about to get a much better president in January. I hope Obama and Congress will be able to address the mess that has been made by the previous administration because we need to have various problems addressed sooner rather than later.
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By: Cup-o-STFU

Cup-o-STFU — Wed, 23 Jun 2010 09:40:59 +0000

Pelosi has targeted you for death….

You have figured it out, she has sent a squad after you. You are hereby sentenced to death by styfling suffocation under barney franks enormous A$$.
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heh

By: iamct01

iamct01 — Wed, 23 Jun 2010 09:38:59 +0000

It started with Reagan lifting tariffs that use to protect our industrial might. Clinton signing the Republican NAFTA agreement did not help. But the real mistake was listening to GreenSpan. He had this great idea to give everybody credit even if they cannot afford it which is good for interest business but now the outsourcing is catching up to us and we don`t have the wages to pay off anything so we stop buying.
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By: black leopard

black leopard — Wed, 23 Jun 2010 09:36:59 +0000

financial institutions

speculators

special interest groups with political influence

politicians with ties to influential special interest group

we are part of the problem, we are addicted to credit cards
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By: Thomasina Paine

Thomasina Paine — Wed, 23 Jun 2010 09:34:59 +0000

The globalists who are destroying western civilization.
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By: Bert R

Bert R — Wed, 23 Jun 2010 09:32:59 +0000

the CRA, inflation, and a fiat money system while people took credit they couldn't afford (poor behavior no doubt), the credit was artificial and would not have existed if it wasn't created by the Fed.
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