I can assure you that is not true. Nobody forces banks to lend people who could not afford it . Banks lended because they saw fast profits. It is true that it wanst only the fault of the banks, the consumers were stupids, and all companies have grown up around this without seeing more than their short-term profits. But I doubt government forced banks, banks are more powerful than government and they do that they want. This is the main problem of the capitalism. Government is most of the times useless for leading the economy, and now we are seeing this. Government of all countries are incompetent for fixing this.

In a conference with the president of the state, a reporter asked the president: Mr President, is it true that our country suffers economic crisis?
The President said: No, no, for my research, only 6 people are suffering from economic crisis
The reporter asked: What?
Very simple, I, You, He, She, We, They ...


Once came to the village a gentleman, well dressed, and he was installed at the only hotel that had, and put a notice on the single page of local newspaper, that he was ready to buy every monkey that brought him to $ 10. Farmers, who knew that the forest was full of monkeys ran to hunt monkeys. The man bought, as promised in the notice, the hundreds of monkeys that brought him to $ 10 each without grumbling. But, as there were very few monkeys in the forest, and it was difficult to hunt, farmers lost interest, then the man offered $ 20 for each monkey, and the peasants ran into the woods again. Again, the monkeys were diminishing, and the man raised the offer to $ 25, and farmers returned to the forest, hunting the few remaining monkeys, until it was almost impossible to find one. At this point, the man offered $ 50 for each monkey, but, as had business to attend to in the city, leaving his assistant in charge of the business of buying monkeys. Once the man who traveled to the city, his assistant went to the farmers, saying: Look at this cage full of thousands of monkeys that my boss bought for his collection. I would offer to sell you monkeys for $ 35 and come back when my boss return of the city, and then sell them for $ 50 each. The peasants gathered all their savings and bought thousands of monkeys that had been in the big cage, and awaited the return of the boss. Since that day, they didnt see either the assistant or the boss. All they saw was a cage full of monkeys who bought with their life savings.
Now you do have a better idea of how the stock market run.


Socialist: to distribute wealth among the few
Neoliberal: to distribute the loss of a few among the majority

Actually in this case kyle is right. Bill Clinton and the Legislative Branch forced banks to lend money to people who had previously been thought of as "risks" by the banks. This created the housing boom of the 90s and we reached our lowest homeless rate in our country's history. The problem with kyle's statement is that this happened 10-15 years ago. When Bush came in he reversed all of these laws and basically let banks do whatever they wanted-which was ripping people off. During Bush's presidency the problem was that the banks would only make money if the market kept going up and very poor people would only keep their houses if the same happened. And rich people who had all their money invested in stock had bet on the market going up. But Bush repeatedly lost money: mostly on too much military spending, but all he cared about was getting him and his friends (big business) rich. So when house prices finally started declining, all of this cracked. Poor people and others who had made bad decisions lost their homes and had to declare bankruptcy. Banks became stuck with homes they didn't want and with little "real" money, so they tightened their rules on lending. The people become scared by everything and refused to borrow. This is what caused the problem.


But anyways, this is now a political comedy topic.

hahaha

http://sendables.jibjab.com/originals/hes_barack_obama

@all please don't make this a political argument topic again.

omg i love it

blah blah blah *political argument* blah blah

it's........ it's......... it's.......... OMG I laughed so much I had tears in my eyes!