The FSA announced new regulations today - they're going to be tougher on sub-prime lending. The inference is that it's the sub-prime lending that caused the current crisis.

I think that's only a partial truth.

There's nothing fundamentally wrong with sub-prime lending. The risks are much higher, but then so are the potential rewards. There should be companies that cater to that market.

The problem is that the sub-prime loans (very high risk) were bundled with a few lower risk bonds and then sold on as if the whole set were low risk. That was stupid and the FSA just let it happen.

Remember to never split an infinitive. A preposition is something never to end a sentence with. The passive voice should never be used. Avoid run-on sentences they are hard to read. Use the semicolon properly, always use it where it is appropriate; and never where it isn't. Reserve the apostrophe for it's proper use and omit it when its not needed. Do not put statements in the negative form. Verbs has to agree with their subjects. No sentence fragments.

Back in the early 00s Internet Explorer 5 was great. I wrote some web applications (which I was really proud of) that used all sorts of then cutting edge stuff like the Microsoft.XmlHttp ActiveX object to load additional data (a method now called Ajax and used everywhere). CSS1 was, well - not exactly new, but sufficiently supported by IE 5 that I could use it for positioning page elements.
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