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To: mewykwistmas

You obviously have no concept of the loan business. Govt regulations forced bad loans to unqualified minorities and others. The politicians and their regulations set the stage for collapse.


30 posted on 03/17/2011 6:59:02 AM PDT by Neoliberalnot ((Read "The Grey Book" for an alternative to corruption in DC))
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To: Neoliberalnot

“You obviously have no concept of the loan business. Govt regulations forced bad loans to unqualified minorities and others. The politicians and their regulations set the stage for collapse.”


Thanks for the laugh. So poor banks gave the loans to poor people because the government forced them to, not because they could sell the (bad) loan to investors and the government and book a nice profit.


31 posted on 03/17/2011 10:40:25 AM PDT by mewykwistmas
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