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Prove it.

Here, I'll start off.

The drop in the stock market was due to change in general accounting practices, known as "mark-to-market". This change resulted in all corporation with contract or other types of assets to have to report less money for those assets. This showed up as a drop in budget income. Thus resulting in lowered stock prices. Since it happened to all companies, the entire stock market lowered.

The cause of the sub-prime loan melt down, started with a change under Clinton, which pushed for more minority home ownership. In order to do this, they lowered the requirements for getting a loan. The result was that companies started offering sub-prime loans, knowing that Fannie Mae and Freddie Mac, under the direction of the HUD department, would purchase those loans. The result was an explosion of sub-prime loans, which inevitably would crash the market, and that's exactly what happened.

Liberalism... it's a mental disorder. You basically have to ignore all facts, in order to believe in the stupidity of Liberalism.

<blockquote data-quote="Andy" data-source="post: 78101" data-attributes="member: 711">Prove it.Here, I&#039;ll start off.The drop in the stock market was due to change in general accounting practices, known as &quot;mark-to-market&quot;.&nbsp; This change resulted in all corporation with contract or other types of assets to have to report less money for those assets.&nbsp;&nbsp; This showed up as a drop in budget income.&nbsp; Thus resulting in lowered stock prices.&nbsp;&nbsp; Since it happened to all companies, the entire stock market lowered. The cause of the sub-prime loan melt down, started with a change under Clinton, which pushed for more minority home ownership.&nbsp; In order to do this, they lowered the requirements for getting a loan.&nbsp; The result was that companies started offering sub-prime loans, knowing that Fannie Mae and Freddie Mac, under the direction of the HUD department, would purchase those loans.&nbsp;&nbsp; The result was an explosion of sub-prime loans, which inevitably would crash the market, and that&#039;s exactly what happened.Liberalism... it&#039;s a mental disorder.&nbsp; You basically have to ignore all facts, in order to believe in the stupidity of Liberalism.</blockquote>

[QUOTE="Andy, post: 78101, member: 711"] Prove it. Here, I'll start off. The drop in the stock market was due to change in general accounting practices, known as "mark-to-market". This change resulted in all corporation with contract or other types of assets to have to report less money for those assets. This showed up as a drop in budget income. Thus resulting in lowered stock prices. Since it happened to all companies, the entire stock market lowered. The cause of the sub-prime loan melt down, started with a change under Clinton, which pushed for more minority home ownership. In order to do this, they lowered the requirements for getting a loan. The result was that companies started offering sub-prime loans, knowing that Fannie Mae and Freddie Mac, under the direction of the HUD department, would purchase those loans. The result was an explosion of sub-prime loans, which inevitably would crash the market, and that's exactly what happened. Liberalism... it's a mental disorder. You basically have to ignore all facts, in order to believe in the stupidity of Liberalism. [/QUOTE]

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