"Savior" of the GOP Already Lying or Clueless

[Kane]

[Professor]

[Professor]

[Kane]

http://www.theatlantic.com/business/arc ... is/250121/

http://research.stlouisfed.org/conferen ... _Order.pdf

http://economistsview.typepad.com/econo ... e-cra.html

Negligible.

Again, guys, if the housing bubble caused all of this we would've only had a housing bust. We did not. Corporations, huge corporations, were funding themselves day to day. Derivatives were used. CDO' and CDS' were used. AIG didn't go under because of a housing bubble - they went under because of the bets made against them, the money they owed on the impossible guarantees they made, and banks closing all doors at once.

In a nutshell - the market itself became illiquid. Cash didn't matter. Money wasn't changing hands. Subprime mortgages, no matter where they originated from, did not cause that.

[Professor]

[Kane]

Do not listen to me ever again. Or half the people on this site who have an opinion on something that they are not directly tied to.

[Professor]

[Professor]

As for the third article, Kane, am I to believe the word of one Mark Thoma (who?) Versus the World Bank?

[Kane]

http://www.aei.org/scholar/peter-j-wallison/

AEI

Behind the GSE did it all crowd. But I digress. My opinion no longer matters. Nor does the content in any of those papers as an SEC investigation is always thorough and meaningful as evidenced by the past.

[Kane]