Greenspan attacks `predatory lending' practic

[orangedac]

the guy was sleeping on the job.

end of story

[jjrglobal]

Has this guy ever looked at all the shit you receive during the mortgage process explaining things. You even have to sign an affidavit that you do understand your mortgage. How about people take responsibility for their own actions and read before you sign. Besides the government mandated that the banks write a percentage of sub prime loans to minorities. Our government passed a law that required lending that they are now calling predatory. WTF were the banks supposed to do?

[popcur]

Years ago, Hugo Chavas was critisized for taking over the oil fields. That is no difference of what Chavez and President Bush did.

More gov't involvement in the private sector.

[dannyknapp]

good point.

[ns8t]

Bismillah irRahman irRahim

Salam aleikum uncle Obaid. Can we really blame mr. Greenspan for the greed of the U.S. financial community? Greenspan allowed it to continue because it was U.S. policy for 'free market'. Bush still encourages nations of the world to not lose confidence in free market capitalism, while he has already instituted big government control. Communist china is better capitalist than marxist U.S.

[popcur]

Does the speaker resembles the actor Lloyd Bridges?

From wikipedia A world federalist, Bridges once said, The devastation caused by war and the pollution of our environment knows no boundaries. Only an effective world government could provide sufficient law and have the power to control these destructive forces".