Mr.Nick
VIP Member
- May 10, 2011
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The banks made the decision to ignore good loan policy:
That's exactly correct. I've said it many times over the past few years, they threw the underwriting laws of the Universe out the window.
All to meet the insatiable demand for structured finance products they sold to the rubes managing your money.
National banks do funky shit but I'm not going to blame them for legislation that forced banks into a corner and forcing banks to lend..
The fucking government used banks as puppets for about a decade....