These are NOT the peop,e who brought us the financial crisis, the DAMNED government brought us the financial crisis BILL CLINTON demanded the banks give home loans to people who DID NOT qualify or they would face consequences!!! It was Barney Frank and his ilk that felt EVERYONE should own a home!!! Banks DID what they were told to do by a DEM administration!!!!
“BILL CLINTON demanded the banks give home loans to people who DID NOT qualify or they would face consequences!”
Precisely.
Yup. The Community Reinvestment Act. I doubt very few people here know about this.
Bu-——it! Let me tell you about Goldman... When putting together a hedge fund full of the crappy mortgage loans that BOTH the dems (under xlinton) and GOPe (Bush) told the banks to make, the fine folks at Goldman concluded that the hedge fund was full of sh-——bag loans that were going to blow up. They told potential investors that the fund would make them beaucoup cash. People bought. GS got commissions and management fees out the wazzoo and they got richer.
Meanwhile, another division of GS saw the fund was full of sh-——bag loans that would blow up, so they shorted THEIR OWN COMPANY’S FUND. When it did blow up, GS got richer. The people that invested lost their money. Nobody went to jail for this fraud or insider trading. One of the people involved was a former Secretary of the Treasury under the ‘toon.
There are few or no things in the world more evil or vile than Goldman Sachs.