Are these cranks still at it? Socialism failed everywhere it was tried in the last century. Freedom in economics works, government control does not.
The banks were doing well when they were making solid loans, rather than being forced to loan to bad risks. They should go back to that, if the Federal government would stop interfering.
The banks weren’t forced to make bad loans. They chose to make these loans because the fees were high and they could resell them and they could also sell CDO’s on them.
parsy, who says the banks are guilty as sin
Thank you for bringing sanity to this forum.