[kittymyrib]

It is the height of irony that Congress, which created the greatest Ponzi scheme in the history of the world with Social Security, should be passing laws to regulate the supposed sins of mortgage lenders.

Much of this mess would never have happened had the Democrat congressmen in the ‘80s not passed laws mandating that lenders give high-risk credit to low-income people. Remember all the whining about “red-lining” in the ghettos?

How convenient that Americans forget that in almost every case, Congress causes bigger problems with their “cures” for all our ills, yet, incredibly, they are never blamed because liberals and their enablers in the msm never admit mistakes.

[raybbr]

Much of this mess would never have happened had the Democrat congressmen in the ‘80s not passed laws mandating that lenders give high-risk credit to low-income people.

I have heard this claim several times. Do you have a source for this?

[iThinkBig]

Good point. It is Congress that writes laws not consumers or banks.