consulting firm offers to use ows against dems

PostmodernProphet said:
ignore the fact that those complex derivatives, exotic financial instruments and collateralized debt obligations were created by people who supported Obama, campaigned for Obama, worked for Obama, were hired by Obama......do we sense a trend here?.........
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My God, and you imply that I am partisan. CDO volumes grew significantly between 2000–2006, then declined dramatically in the wake of the subprime mortgage crisis, which began in 2007.
 
PostmodernProphet said:
imply....absolutely not!.....I specifically state it.....

answer me this.....who were the people in charge of Fannie and Freddie, the Federal Reserve, Goldman Sachs, etc in the period 2000-2006......
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You will be telling me that Obama invented the CDO next. From 2003 to early 2006, Christopher Ricciardi helped transform Merrill from bit player to powerhouse in the lucrative business of bundling loans into salable securities. Mr. Ricciardi liked to be called the grandfather of CDOs.

http://db.riskwaters.com/public/showPage.html?page=217371
 
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