shooter
Call me the Tumblin' Dice
- Joined
- May 13, 2006
- Posts
- 7,941
I agree with some of the greed part, but this whole mess can be traced back to the Clinton Admn. Oh yes, the media won't tell you about the law he signed forcing companies like the ones going under to offer a certain % of loans to those who should have never been offered one. Are we ever going to learn that the Government should stay as far away from the private sector as they can. They seem to always ******************** things up sooner or later.
I don't know the history of the Clinton admin. law you speak of. But the core of your post is spot on. Had they not given these high risk loans and "creative" mortgages the banking industry would not be so messed up. The insult to this is the execs. have been taking their HUGE bonuses.
But part of the blame can be laid upon the people taking these things out. If you are making 30k a year ou CAN'T afford a 300k home. Come on people, get a brain.
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