Attorney Michael Wells provides information about the law. He also posts sketches, poems, stories, and flash fiction.
Its always wrong, if it doesn't fit your narrative.
Can intelligent, reasonable people hold opposing worldviews?
Don't make blanket statements about economics that aren't true. MBS did not cause the Great Recession. Also I did not know that Fox News was in the securities issuing business. That would be a real news story. But if that is your thinking maybe you should stick to MSNBC.
The rise of the Consumer Age was the real cause of the Great Recession. Everyone felt entitled to own a home. Whether they could ultimately pay for it or not. But don't let personal responsibility get in the way of your narrative.
Yes people can have varying viewpoints. But FOX News cannot be the only place you get your information. I think these financial shows are sensationalized, and they try and sell gold all the time, which is a stupid investment. Why would I listen to people who did nothing when mortgaged back securities created the inevitable real estate bubble that burst?
So MBS didn't cause the Great Recession? That's what fueled the false real estate boom. There were no lending standards. Banks and investment banks ran unchecked. Nice trite MSNBC comment.
The rise of consumerism was fueled by false hope flowing from the inflated real estate market. Should people spend less? I guess, but the answer isn't that simple. By in large, an unregulated market flooded with mortgaged back securities, which created over valued homes to people who couldn't' afford them caused the Great Recession. Aren't banks and investment banks personally responsible? Why does that crap "personal responsibility" stuff always pertain to the vague, random mental image of a person fed to mush headed people on county club golf courses? The bigoted man bobbed, bald fonts of wisdom who dragged this country down and continue to drag it down.
The 'Great Recession?' Think political folks like Franklin Raines (http://www.politico.com/news/stories/1011/67292.html) Not Fox News. How would they create an event like that. But force banks to lend to people not qualified on properties in neighborhoods that have questionable marketing resale opportunity and you have a real problem.However, the isue goes much deeper and we have a bigger issue coming. That would be the unwinding of the QE1, 2 & 3. It will be messy I am sure...