To: SeekAndFind
"Regulators came under fire in the financial crisis for lax oversight that allowed financial institutions to dole out too much credit to unworthy borrowers."
Interesting how history is being (re)written, before our eyes. Banks were forced (by government regulations) to give mortgages to "unworthy borrowers".
To: USFRIENDINVICTORIA; Clintonfatigued; Impy
The first two orders of business for the next POTUS:
1. EO cancelling ObamaCare
2. EO cancelling the Community Reinvestment Act
9 posted on
08/11/2011 8:53:14 AM PDT by
GOPsterinMA
(Perry/Bachmann 2012 - they can share hair care products.)
To: USFRIENDINVICTORIA
“Interesting how history is being (re)written, before our eyes. Banks were forced (by government regulations) to give mortgages to “unworthy borrowers”. “
I agree, but the gov did not watch over what was going on with the derivatives. That has made the situation far worse.
11 posted on
08/11/2011 8:56:20 AM PDT by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: USFRIENDINVICTORIA
And those who weren't forced were more than happy to give the mortgage to those who didn't deserve them and then sell them to (allegedly private but still government controlled) Fannie Mae and Freddie Mac. Private profit and socialized risk.
13 posted on
08/11/2011 8:57:33 AM PDT by
KarlInOhio
(The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
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