Indeependent
Diamond Member
- Nov 19, 2013
- 73,633
- 28,502
- 2,250
Horseshit.Not really government bought the mortgages or guarantee the mortgages and gave the banks more money for more mortgages and they always promised the Greenspan put which is to say that housing prices would never go down. This meant there was no risk to anyone in buying real estate. If a bank didn't compete in the mortgage market it seemingly would lose out to the competition and go bankrupt. Now I am sure you understand? In the end Fannie Freddie owned or guaranteed 75% of all the subprime or alt a mortgages .Blaming government for forcing banks to give out mortgages is complete bullshit.
I know way too many people who were out if work for several years who were getting 600K+ mortgages with zero underwriting.
I was one if them who didn't go for the bait.
Corporate greed, pure and simple.
And not one Director got slammed for it.
Just about 7 CEOs.
I see you're still a moron.
Eat shit and make some friends so you know what's really going on.
Back on Ignore.