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Just 3 years ago...

You're 25 years too late and you don't have to use some banana republic as an example. I remember Rush screaming economic collapse was imminent when Clinton was elected. It was gonna happen any day now all through the nineties. As it turns out, the closest we came to it was at the end of Dumbya's 8 years. Unless you count McVeigh -- he was also worried about socialism, wasn't he?
 
About like libertarianism is working in Somalia.

That's a direct reflection of Somali "culture", which is ass-backwards in every way possible. The most ridiculous talking point of the "progressives" is "all cultures are equal." Complete and utter nonsense. Somalia is ass-backwards because Christians never colonized the place.
 
That's a direct reflection of Somali "culture", which is ass-backwards in every way possible. The most ridiculous talking point of the "progressives" is "all cultures are equal." Complete and utter nonsense. Somalia is ass-backwards because Christians never colonized the place.
Both Italy and Britain colonized Somalia.

You are thinking of Ethiopia/Abyssinia.
 
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Ok, can you fill us as to why you think so, or do we have to just take your word for it?
Maybe squeak can fill us in as to why he thinks ""good" intentions of the government to put poor people and minorities in homes they couldn't afford" caused the financial collapse.

How much effort would put into refuting CUP's claim that Bill Clinton's intervention in Kosovo caused the dot com boom?
 
Me too. Sounds like more right wing propoganda. Squeak, cite please?
You seriously have never heard this argument?

There are a number of factors that lead to the Great Recession. No one truly knows what the "root" cause is. I'm arguing that it was relaxed standards to get more people to purchase homes. A number of things contributed to the recession after, but I think that is the root cause.

The people on the titanic who didn't survive didn't die because the ship hit an iceberg.
 
Step 1: Government relaxed standards to get more people to purchase homes. (Since we know that your loan officer is actually the government)
Step 2: ??????
Step 3: ??????
Step 4: Great recession
 
Step 1: Government relaxed standards to get more people to purchase homes. (Since we know that your loan officer is actually the government)
Step 2: ??????
Step 3: ??????
Step 4: Great recession
Do you understand what a root cause is?
 
Isn't it obvious? People encouraged to purchase homes they couldn't afford, the government enabling and encouraging it, prices/values inflated, HUD/Freddie/Fannie buying more subprime loans, banks with excess cash needing a place to put it, creation of synthetic CDOs, etc, housing bubble bursts, recession.
 
Prove there isn't any relationship between the Kosovo intervention and the dot com boom.

I haven't stated there isn't a relationship.

Did Congress impose affordable housing standards on Fannie Mae and Freddie Mac beginning in 1992? Then did they increase the quota of loans those GSE's must purchase that were under the "affordable housing " umbrella multiple times in the early part of this century?
 
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