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To: Pearls Before Swine

“which is code for forcing banks to accept dodgy borrowers. It was a factor (one of several) in the housing/debt boom and subsequent financial disaster which we are still digging out of.”

How come it’s only here that I see somebody write that forcing banks to accept dodgy borrowers (a) happened, and (b) was a factor in the financial disaster?

Surely there must be more people than that who are aware of those facts, but the only thing I ever see or hear is “greed” — bankers, Wall Street, Republican fat cats, whatever.

Some very large portion of our population believes a lot of stuff that is just crap, and in a representative republic that is a recipe for disaster.

We must, absolutely must, start doing what the leftards did: get the word out by hook or by crook. Pamphleteer, pass out leaflets, have actual rallies, etc.


12 posted on 07/24/2011 3:24:06 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: dsc
How come it’s only here that I see somebody write that forcing banks to accept dodgy borrowers (a) happened, and (b) was a factor in the financial disaster?

The best book I've read (and I've read several) about the buildup to and details of the crash is "The Sellout" by Charles Gasparino. It's out there, it's readily available, but to answer your question, it requires that a person be willing to obtain it and read 400 or so pages. The average voter's attention span won't allow that; neither will that of most MSM pundits.

14 posted on 07/24/2011 3:52:56 PM PDT by Pearls Before Swine
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