Socialism at Work In Venezuela

[Ice]

For the nteenth time, the sub prime mortgage fiasco came from a market heavily distorted by government regulations and benefits to certain companies.

Fannie and Freddie didn't show the failure of capitalism, because they are not free market companies

CR

Freddie and Fannie weren't the only causes of the global credit meltdown. Your statement isn't correct; a lack of regulation has hurt us too. I would dare to say that less regulation has hurt us more more. Credit Default sweeps and Predatory Lending/Idiotic Loan Taking are two examples of things that need heavily regulated.

PS: Sorry i never got back to you about the other stuff in the meltdown thread. You appeared to be partially right in saying that purchases of the assets wasn't the best idea. A cash injection in the form of direct loans served better.