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Old 10-02-2008, 01:23 PM   #90
mimartin
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Quote:
Originally Posted by GarfieldJL View Post
What still hasn't been addressed is the fact that Obama sued banks to force them to issue Sub-Prime Mortgages which is what led to this fiasco.
You think Obama representing a group that sued banks to force them into issuing Sub-Prime Mortgages led to this fiasco! 700 billion is extreme amount for such a minor problem.

Did Obama also sue the banks into issuing variable rate loans? Did Obama sue them into make this sub-prime loans into investment securities? Did Obama sue the banks into giving multiple loans to those wishing to profit from the housing market? Etc, etc…

There is no one thing that led to this mess, so there is no one person to blame.

Last edited by mimartin; 10-02-2008 at 02:01 PM.
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