Andylusion
Platinum Member
Yeah, like pushing banks to make sub-prime loans in the 90s, which caused a massive bubble that blew up in 2008?
Except that isn't what happened, nor did they cause the Recession.
Okay, guy, the problem was not 'sub-prime' loans. the problem was that banks sold those loans as investments, and misstated their value.
And why did they sell the loans? Because government sued them, and incentived them to do so.
And why did they over state their value? Because government gave them a AAA rating.
Yes, they did cause sub-prime loans, caused a bubble in demand, and thus caused the crash.
Sorry... it's the facts. Accept it, or accept being ignorant. But those are your only options.