WillowTree
Diamond Member
- Sep 15, 2008
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- #41
Remind me again who forced the banks to spread all of these mortgages throughout the market?
The same PEOPLE that forced thm to loan the money. Banks are in the business to MAKE money, they were forded to make bad loans and then given a means to offload those bad loans..... Sounds like the bad loans were and remain the problem. Loans forced by Liberals, loans forced by Liberal lawyers threats to sue. Obama being a BIG player in that.
You claim 50 and 50 when the fact is Liberals created the mess and then refused to allow anyone to fix it until to late. Frank was claiming as late as spring 2008 the Housing loan market was solvent and JUST FINE. In fact he blamed Republicans for suggesting otherwise. He and Dodd blocked 3 attempts to regulate the mess.
Banks are in the business to make money, force them to make bad loans and then provide them the means to offload those bad loans and they will do it. It makes sound business sense. The banks are not to blame, the liberals are for forcing the problem on them and then providing them the means to spread the problem around.
Then show me the legislation that forced the banks to give those loans. What law specifically was it?
now you are acting the asshole,, you know there was no law,, it was done by threats, and intimidation and sheer political pressure to make loans available to people who could not pay them back.. retribution would come in the form of name calling and boycotting, and slander..