Mac1958
Diamond Member
- Dec 8, 2011
- 117,376
- 111,610
What we're observing in these threads about the Meltdown is this entirely separate, ideological closed-circuit reality that has been created on the Right. Their take on the Meltdown is a perfect example of it.The crash was already baked in by the time the Democrats took control of Congress in January 2007. The fuses of all those bombs inside all those CDOs had been lit for years.
They're not even aware of what happened, because they're not told and they're not curious. All they know or care about is (1) CRA and (2) blame the other guys. And they absolutely believe it, because it's all they know. If they don't know something, or if they don't like something, it's "fake news".
Books will be written about this closed circuit one day.
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