Dawkinsrocks
Well-Known Member
Name a country that has started more wars in the last 50 years
The banks regulated???
The banks lent money to people with hardly any income to buy several houses with no requirement to pay either the interest or the capital. The whole idea was predicated on an ever appreciating housing market and miniscule default rates. These loans went bad as they were bound to and the banks then packaged them into complex portfolios called CDOs. They then worked with S&P and Moody to rate them at triple A even though they were junk. Then they sold them off around the world destroying the economies of most European countries and impoverishing the already poor people in the US. A trillion dollars was gambled away in this fraud.
If that is what they do when they are regulated then Dawkins knows what they would do if they weren't regulated
And this all happened on the watch of the neocon Bush administration.
The party is over. The US is in terminal decline.
Indian banks will be siting their call centres in the US in the not too distant future
The banks regulated???
The banks lent money to people with hardly any income to buy several houses with no requirement to pay either the interest or the capital. The whole idea was predicated on an ever appreciating housing market and miniscule default rates. These loans went bad as they were bound to and the banks then packaged them into complex portfolios called CDOs. They then worked with S&P and Moody to rate them at triple A even though they were junk. Then they sold them off around the world destroying the economies of most European countries and impoverishing the already poor people in the US. A trillion dollars was gambled away in this fraud.
If that is what they do when they are regulated then Dawkins knows what they would do if they weren't regulated
And this all happened on the watch of the neocon Bush administration.
The party is over. The US is in terminal decline.
Indian banks will be siting their call centres in the US in the not too distant future