[21twelve]

“No money! No money down! Interest only! Low variable rate! No income verification! Bad credit? No credit?”

*****

Thanks for the post. On some other thread someone thought that the Graham Bill allowing regular banks to make riskier investments to make more money was more of a cause. Obviously it is a big factor as well.

However - when a bank is FORCED to NOT make money (as with the CRA) on its normal business (loans at a naturally competitive rate) - it obviously needs to make up the loss somewhere else.

[hiredhand]

“No money! No money down! Interest only! Low variable rate! No income verification! Bad credit? No credit?”

All I've been thinking of since compiling those notes is that instead of a run on the banks, there ought to be a run on hardware stores for ROPE.

There are only a very few methods which have shown effective in combating tyranny. We're on the precipice of having to institute such methods.

[ForGod'sSake]

Scanning through this thread I noticed your post. Maybe this will help clear things up?

Villain Phil(Gramm)(Dimocrat Financial Shape-Shifting)