You can't help but lie, obfuscate, and misrepresent can you largeham.
One small quota? I guess you don't realize that the government owns .02% of the mortgages in this country, but over 30% of those are foreclosed.
So the quota which was not small by any means led to 800,000 loans being written, but more importantly that quota demanded by the Community Reinvestment Act lowered underwriting standards and demanded that Fannie Mae and Freddie Mac buy that small quota of subprime loans so banks in targeted areas could write more.
In stepped the speculators to a system created by the lowered underwriting standards of the government and funded by the easy money of the fed and voila and explosion of bad mortgages,
But of course bald-faced Marxist liars like yourself try to ignore reality as they always do by ignoring fact and posting "one-small quota" that means nothing without any facts, without any understanding or explanation outside of total ambiguity.
The free market is a voluntary transaction between two parties where neither is compelled in any way to enter into the transaction, and the price for the good or service transacted for is mutually agreed upon by each party without any interference from any party outside of the contracting two.
It's easy Largeham. I'm not suprised you could understand the free market because it requires "individuals" and "freedom," two basic concepts you repulsive Marxist have no understanding of whatsoever.
As I posted in my previous post you are lost in the theoretical and utterly ignorant of the real history of Marxism. Everywhere Marxism has been applied in human society it has led to murderous dictatorship. Give one example where it hasn't. I apologize for making you deal with reality instead of your dream world of Marxist insanity.
I've not only read the Manifesto and other works I studied Engel's writing on the family intently. I'm wondering if you've ever read the real world applications of Maxism. The Marxists I've encountered, including you, love to retreat into the world of theory and claim that "true" Marxism has never manifested itself.
My hate is for oppressors of freedom and mass murderes, namely Marxists.
I always love the basic argument of a classless society, which in reality is anything but in a Marxists regime, the governing class vs the governed class destroys the hideous fallacy of you insane Marxists.
As far as the historical struggle between classes inevitably leading to Marxism, social mobility in the United States demolishes that theory, Individuals rise and fall in economic strata all the time in the United States so there is no coherent unchanging capitalist class.
Defining Marxism as stateless and classless is a total disconnect from history. A definition that has no historical basis at all is disconnected from history.
The invisible hand reveals you as an envious, covetous individual who wants want he can't produce on his own, and instead chooses a convenient theory that replaces individualism and freedom, something you aren't successful at, with exploitation, violence, and manipulation, things you also aren't successful at but you feel will produce better results than having to rely on your own abilities.
There is no altruism, there is only self-interest, and any who denies that their actions are motivated by self-interest fools themselves and becomes a fool to the world.