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  • zoom_gollygolly19 zoom_gollygolly19 Mar 13, 2009 10:43 AM Flag

    Stewart ridicules Cramer

    you called the dems poor, not me.
    let me fill you in on the facts.

    here's what caused the financial crisis:

    1. the dems made sure everyone could buy a home.
    2. the banks etc made bets on the mortgages.
    3. the mortgages went into default.
    4. the bets became worthless.
    5. the banks lost tons of $

    the main cause of the crisis was the over-leveraged bets the banks made on mortgages.
    and cds's allowed big money to short the banks into the ground---causing profits not only on the cds's, but on the short-shares as well.

    dems set the table; unregulated (democratic congress) greed served everyone salmonella.

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