Originally Posted By: blue_jay

FACT: Mortgage crisis brought on by people whom signed on the bottom line all by themselves. YUP that's right, no help! Imagine responsible adulthood. Even after they were explained to what could happen and the risk involved if their rate went up.

FACT: Oil prices controlled by supply/demand and market speculation. Speculation from Iran threatening to destroy the middle east.

FACT: The above are the TWO biggest factors in our economy.



FACT: YOU ARE COMPLETELY WRONG. Those people that are losing their houses were only allowed consideration for a loan because of the deregulation of the banking/securities industry, spearheaded by your buddy Phil Gramm. We won't even get into fraud and predatory loans from those same institutions .

The oil industry is all smoke and mirrors - they can charge whatever they want, what are we gonna do about it.

So laughing, next......
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