Nayland Smith (Orphaned)
Posted on: 09-15-2008 12:53.
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Lehman, Merrill Lynch, AIG all finished.
Yet I still won't hear an admission from the Libertarians that left to themselves unregulated markets eat themselves alive. It's their nature.
What I have heard from the right is that this was caused be mandates that lenders lend to minorities. Now Lehman collapsed because of commercial real estate problems. Lost over half a billion on the John Hancock tower alone.
I suppose they gave a hotel domestic with four kids an interest only jumbo.
So do we just keep on with the Full Ayn Rand or do we reinstate the regulations (which worked pretty well for the majority of us).
- Wheee !!!!! - Nayland Smith, 09-15-2008 12:53 (Views: 224; Replies: 9)
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