The banks were told they had to give home loans to people with bad credit, which was a contributing factor to the housing collapse. To add insult to injury the banks were forced to pay compensation that went to the NGOs that pushed these loans to begin with. Now there’s millions of unvetted illegals the government wants to sell homes to.
I am no fan of big banks, but they should not be forced into being social and welfare agents. The rest of us have to pay.
Absolutely right. Forcing income redistribution that will hurt us.