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I agree there is excess, but the Democrats are the root cause of the problem by hauling the bank execs in and forcing them to lend money to people who couldn't pay it back and in the process everone else piled on. Then they said (either Frank or Dodd who both sit ont he Senate Banking Comittee) "Don't worry you don't need the same level of equity because this is backed up by Fannie and Freddie" mean while Wall Streeters created a new security backed up by the US Gvt based on the previous statement and low and behold as people start to default there is a crisis.
We wouldn't be in this situation if the Government didn't mess with the free market.
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