I understand that if all those loans had not been forced to be made the whole thing would not have happened. I understand to that one reason all the various shenanigans went on was because the gov wasn't doing things like watching what was going on. I understand that the banking sector is too bigger to fail than it was before. I understand that much. What I don't understand is the infield fly rule, or why the Indians don't seem likely to win a pennant in my lifetime. Come on, 1948 was a long time ago, we only live so long.
Uh, Fannie and Freddie were/are monstrous entities that pretend to be private institutions while taking advantage of the perception that any failures they had would ultimately be paid for by the taxpayer so that made them less risky...taxpayer money you see.
One thing I see is investment bankers gave an awful lot of money to the campaign of Mr. Obama and that many of the high up guys dealing with investment banking issues in the gov were formerly investment bankers.
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