starcraftzzz
Senior Member
- Feb 14, 2012
- 2,263
- 121
- 48
I see so according to Fannie and Freddie who did not make the loans that caused the crises caused the crises. Hvae some more brilliant logic for us?According to everyone on the left deregulation, which was a government policy, caused the housing bubble and the collapse of the market. did you forget your own talking point?
but you already know people on the left are on the left because they are stupid. Who could possibly say with a straight face that Fed Fred Fan did not cause the crisis despite an open policies to stimulate the housing market! Did the European housing market collapse too becuase of American deregulation?
Again dumbass low interest rates dont make it so banks make fraudulent and shitty loans. Next your going to blame low interest rates for murder"First consider the once controversial view that the crisis was largely caused by the Fed's holding interest rates too low for too long after the 2001 recession. This view is now so widely held that the editorial pages of both the NYTimes and the Wall Street Journal agree on its validity!"...John B. Taylor
Banks that were requried to followed the CRA could not make the types of loans that caused the crises because the CRA restricted those. SO explain why you think less bad loans caused bad loans. Then you had CRA,
id ask you to post something that wasnt garbage but thats above your intelelctual ability