In addition, remember how they fed or Timothy Geistner re evaluated the debt? so instead of being valued up to market they
counted the debt above the market value? So they bank were able to sell the bad loans and bad real estate deals at market value and get more money. For example if you try to go to the bank and ask to get your loan reduced you wouldn't be able to do it or do it as easily as the bank were able to do it. So the rich and the powerful profited on the crysis and we ended up holding the bag.

The article you're citing is relying on the study conducted by Traiger & Hinckley LLP Study.
Here is a statement from the web page of Traiger & Hinckley LLP:
"Traiger & Hinckley LLP offers a wide range of services to assist banks with their Community Reinvestment Act (CRA) responsibilities. Partner Warren Traiger is a nationally recognized CRA authority, who has testified on CRA before Congress and the federal banking regulators. For over fifteen years, Mr. Traiger has counseled retail, wholesale, and special purpose institutions throughout the country on CRA compliance and has represented banks before regulatory agencies and in court."

Unbiased, objective source indeed.

__________________
Новые фотки - у дочери на дне рождения. 16 лет. Very BIG DEAL !!!

Shurik, don't you realize that you contradict yourself all the time?
You are upset that your 401K is not performing well, and in the same time want to lynch all the rich and powerful as if they are not the ones whose companies are invested into by your 401K.(md)

A nice (and absolutely correct) opinion about Fox (Entertainment) News
***********.washingtonpost.com/wp-dyn/content/article/2010/03/11/AR2010031102523.html?referrer=emailarticle

:-) Howell Raines is a former executive editor of the New York Times and the author of "The One That Got Away: A Memoir."
mmm..and people from the NYT know what the integrity and journalistic standards are?? ... obviously people who read such material written by someone who work for an organization that's been discredited not once, but numerous times, have no idea what the journalistic standards should be...the NYT is just jealous of the success..but the American people are not stupid, you lie to them, and they stop reading it or even watching liberal mouthpieces..

It is true that, after 14 months of Fox's relentless pounding ofPresident Obama's idea of sweeping reform, the latest Gallup poll showsopinion running 48 to 45 percent against the current legislation.

funny.. because Obama can't sell to people something they don'twant, it has to be Fox's fault..how many views Fox has even with allits success?? 5, 10 million...there are much more people in the countrythan that...

Расскажу вам одну мансу.
Вчера пошел с моими друзьями в Бистро
Гамбринус, в Сан Франциско. Глассный
Русский паб. Сидел с моим другом Скоттом
и его женой. Говорили про жизнь пили пиво
с раками! Смотрю у Скотта зуба переднего нет
и спрашиваю, Скотт что с зубом, у тебя вроде есть
страховка? Он мне знаешь даже после страховки
надо будет платить $800. Я когда в Мехико поеду летом
поченю. Там дешевле и доктора лучше.

Зато на Гамбринус у бедного Скотта деньги есть. И на билет на самолёт в Мексику.

NO Dear Maria, I said the rich and powerful caused the collapse.
With this I agree with you ! Nancy Pelosi is one of the richest and most popwerful women in America. Diane Feinstein is a millionaire too, so is Barack Obama.

Yes, Maria women and blacks caused all the problem in USA.
just like Adolf G. used to say that Jews caused all the problems in the world.