Oh How Noble of him.
I don't believe him. He was high up in the Clinton Administration and probably had a hand in the mortgage mess. Prove me wrong Ruby, and I will believe you.
Rubin started the cascading bubble economic disasters with the early 2000 collapse of his original blue smoke and mirrors economy!
I don’t believe him, either, and I think anybody who does is foolish. Another damned expert pretending his pants aren’t down around his ankles in front of the whole world.
He’s suggesting they didn’t think the housing bubble would burst. Give loans to people with no income,no job, and no assets. And you didn’t suspect these folks were never going to pay back one penny!
What a lying sack of dog poop.
Right. The Clinton Administration was desperate to keep approval ratings up and so did everything they could to keep the economic bubble going, with low underwriting standards for home loans and low interest rates. If you were a speculator or a down-and-outer, why wouldn't you take out a mortgage with nothing down and interest at 1%?
Rubin sounds like an organization guy who will do the politically correct thing and then try to squirm out of it when it doesn't work out.