That's where you're mistaken. The politicians weren't pressuring the banks.
The banks wanted to lower the standards so they could tap into the illegal alien market. We're talking about a market that was worth trillions of dollars to them.
It was the Bush administration who changed the banking laws to allow this.
Perhaps you could answer some questions?
Exactly what was the purpose of the US/Mexico Partnership for Prosperity Agreement?
New Alliance Task Force?
American Dream Down Payment Act?
Why did the Bush Justice Dept. and Treasury Dept. give their blessings to the change in banking regulation to allow banks to accept the Matricula Consular card as ID?
Why did the Bush Administration change the rules to allow banks that served the 'minority' market through international remittances to claim CRA credit?
Why did Bush champion amnesty for Mexican illegal aliens?
Why did the Bush administration claim that national security was a priority and form the TSA and DHS while supposedly fighting a "War on Terrorism", then leave the southern borders wide open by ordering border and interior immigration enforcement to the lowest levels in years?
Why didn't the Bush administration complete the southern border fence despite the signing the appropriations into law?
Self loathing right wingers like you make me sick. Why don’t you just become a Democrat and get it over.
I am registered non-partisan because unlike you, I don't need a political party to tell me how to think.
Reckless Endangerment. Read it.