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To: karpov

The article is blocked from non-subscribers. So I don’t know what the rest of it says.

But, of course, already this thread is bringing up old arguments.

When the housing bubble burst in 2008, Republicans blamed the CRA, and Dems blamed so-called “predatory lenders.”

Everyone was pointing their fingers at each other.

No one wanted to admit the real reason for the 2008 Mortgage Crisis: People were buying houses (paying way too much for them) and borrowing against their houses over and over again because they thought the values would keep rising.

This article says the subprime mortgages didn’t even have much to do with the bubble bursting:
https://fortune.com/2015/06/17/subprime-mortgage-recession/

It’s sad when people lose their homes to tragedy. But, in 2008, it was all about people overpaying and borrowing. They thought the party would never end. Well, it did.


59 posted on 10/19/2019 6:25:24 PM PDT by Tired of Taxes
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To: Tired of Taxes
The article is blocked from non-subscribers.

This works, but reading leftist rot really isn't worth the effort: https://github.com/iamadamdev/bypass-paywalls-firefox

62 posted on 10/19/2019 6:40:53 PM PDT by Reeses (A journey of a thousand miles begins with a government pat down.)
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