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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: BINGO! Give that person a cigar! Posted by luke on April 03, 2008 at 6:39 AM In Reply to: BINGO! Give that person a cigar! posted by Ward-CA- on April 01, 2008 at 0:25 AM Interesting....Ward do you think the emasculation of the Glass-Steagall Act has had a greater effect than interest rates being held artificially low for too long? : Yes, it was the emasculation of the Glass-Steagall Act of 1933 about 9 years ago (in 1999) that allowed all of this liar loan crap to happen in the first place. And hopefully the wrenching pain we are going to go through as a consequence, will push us recreate a similar bulwark, so we don't allow this needless disaster befalling us to ever happen again. : If you're at all interested in what really triggered this economic tsunami then visit http://tinyurl.com/yvcqaf : : --------Ward : ============ : : : : I think the current bloom in foreclosures is primarily due to many, many lenders lending to many, many unqualified buyers. The fact that lots of parties on both sides profited immensely, is obvious. : : : But what made it all possible in the first place is less well known. Do you have an article on that topic? : : : : : : -----Ward : : : : : : ======== Follow Ups: Absolutely... Ward-CA- 0:24 AM, 04/04/08 (2) Re: Absolutely... CC in OC 7:46 AM, 04/04/08 (1) CC in OC, I want to attend your seminar (nt) LAUSD product 1:25 PM, 04/04/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Interesting....Ward do you think the emasculation of the Glass-Steagall Act has had a greater effect than interest rates being held artificially low for too long? : : : Yes, it was the emasculation of the Glass-Steagall Act of 1933 about 9 years ago (in 1999) that allowed all of this liar loan crap to happen in the first place. And hopefully the wrenching pain we are going to go through as a consequence, will push us recreate a similar bulwark, so we don't allow this needless disaster befalling us to ever happen again. : : If you're at all interested in what really triggered this economic tsunami then visit http://tinyurl.com/yvcqaf : : : : --------Ward : : ============ : : : : : : I think the current bloom in foreclosures is primarily due to many, many lenders lending to many, many unqualified buyers. The fact that lots of parties on both sides profited immensely, is obvious. : : : : But what made it all possible in the first place is less well known. Do you have an article on that topic? : : : : : : : : -----Ward : : : : : : : : ======== [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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