Peter Schiff was right, reloaded

Then in the late 90's more regs that forced banks who wanted to stay alive or grow to to be subject to the CRA enter Countrywide etc. And Voila you have a tilted pos then LETS THROW IN democrap corrupted cheerleaders and credit default peddlers extradionare and creators Fannie and Freddie and more gov reged markets and voila you have a fragile Government created "pot" with a gigantics ass hole in it to flood money into.

thanks for the comment. good explanation.

What artificial lending standard am I talking about I'm talking abou the CRA that piece of regulation that forced banks through lawsuits from 79-95 to give loans to those who won't pay them back and then the steroided up CRA that hit in 95 when Cuomo and his thugs started bullying banks along with ACORN and company and more lawsuits and "enforcement" measures to force banks to wastes savings on bad credit, no credit, swindlers and leftist crooks and liars( all crooks and liars are leftists btw)

When did Ben Stien become an economic forecaster? I watched him doing the "dry eyes" commercials for so long.......Maybe he needed the product because he didn't see it coming.

Awesome!! Go get them Peter we support you.

No wonder Ferris Bueller skipped Ben Stiens class. LOL I want to know how much money he lost in his Merryl Lynch stock.

haha, I liked it short.

brilliant! Too bad it isn't longer