DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**KirillAristov** · 07-28-2012, 05:39 AM

It was the high fuel costs during the summer of 2008 that caused a contraction in the economy.
Please remember that.
Everything was fine (on the surface) up until then.
Although the loans were risky, it wasn't until people were forced to choose between filling the tank and eating, or paying the mortgage that we got into trouble.
High fuel costs.
Economic contraction.
Job loss.
Real estate values plummet.
Mortgages collapse.

No, banks should not be forced into risky loans again, that's just plain stupid after having lived through this mistake once before.
And if you'll read that article you'll see that the Democrat fruitbat, Elizabeth Warren is behind this.
She's a clear and present danger to the Republic.

07-28-2012, 05:39 AM	#16
KirillAristov Join Date Oct 2005 Posts 437 Senior Member	It was the high fuel costs during the summer of 2008 that caused a contraction in the economy. Please remember that. Everything was fine (on the surface) up until then. Although the loans were risky, it wasn't until people were forced to choose between filling the tank and eating, or paying the mortgage that we got into trouble. High fuel costs. Economic contraction. Job loss. Real estate values plummet. Mortgages collapse. No, banks should not be forced into risky loans again, that's just plain stupid after having lived through this mistake once before. And if you'll read that article you'll see that the Democrat fruitbat, Elizabeth Warren is behind this. She's a clear and present danger to the Republic.
	Quote