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To: driftless2

Finance is not blameless, yes they were forced into it but what they did was not honest or honorable, and if it’s ever thoroughly investigated, legal. Not caring about bs no-doc loans because the paper was being sold to derivative mills, divvied up into tranches and quite frankly misrepresented as low risk fed the frenzy and was in large part behind the financial collapse of 2008. They may not have started it but they sure fed it and exacerbated the problem.


23 posted on 04/11/2014 10:23:17 AM PDT by RegulatorCountry
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To: RegulatorCountry

Sure, but the whole thing started with the Clinton admin. That didn’t give banks the right to screw over innocent customers, but they would never have been in that position if not for the Clinton admin.


24 posted on 04/11/2014 10:45:56 AM PDT by driftless2
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