I’m pretty sure this analogy has come up here and elsewhere quite often as an argument supposedly for the "Precautionary Prinicple". Well Professor Bob Watson of the UK has recently brought it up again on the BBC in a climate discussion: < "What risks are we willing to take? The average homeowner probably has fire [...]
Their secret was out: Despite their upbringing in middle America, their academic success and their network of native-born friends, they had no permission to be in the United States. Their parents had brought them here illegally as children. The Robles brothers, now out of jail but fighting removal in Immigration Court, are among thousands of [...]
how did they get carter and then clinton to force lenders to approve at least 50% of their home loans to low credit, low income deadbeats? how did they make barney frank, rahm emanuel and dozens of community organizers to shoot down Bush’s attempt in 04′ to create an agency to oversee Fannie and Freddie? [...]
Fed aid to education: created dumb kids that can’t even name or state the branches of government, and they vote! EPA: Made oil companies drill 20 and more miles out in the Ocean to "help the Environment" (that worked out well) Mortgage Loans: Barney Frank and ALL dems mandated high risk lows, yep another Genius [...]
Since 2007 the dems have controlled Congress, passed costly and intrusive legislation. They caused the mortgage loan collapse by insisting on easy loans to people of high risk. The dems with B-HO have nationalized heath care, created more debt in 18 months than all 8 years of Bush and we have 132 trillion in unfunded [...]
I maintain that its when 1) artificially low interest rates for a long time (Supposedly to hide some other economic issues) 2) lack of regulations for risky or fraudulent speculation in real estate. 3) extremely risky lending practices brought about especially when lenders making these risky loans do not have to portfolio them themselves and [...]
Renowned political analyst Kevin Phillips argues successive administrations have imperiled the US economy by a combination of shortsighted policies and a trend against regulation. These include unparalleled credit card debts, the expansion of financial industries such as hedge funds, ballooning national debts, and deliberately altering statistics like inflation and unemployment to mask the accurate picture [...]