8537
VIP Member
Ame®icano;4112054 said:Yeah, Clinton. I'm not talking about original CRA of 1977, but about regulatory changes of 1995. Not that hard to find!. And yes, most of bad loans started by non depository institutions. What escapes you is basic market rule that adding more liquidity to a market without equally increasing production (real value), creates bubble.
Why would a nondepository institution make a loan to someone they did not believe was capable of repaying said loan, or create terms in a loan that make it likely it won't be repaid?
<That's only partly rhetorical>