Billiejeens
Diamond Member
- Jun 27, 2019
- 32,572
- 21,182
- 1,845
You probably believed the right wing narrative of government intervention, which isn’t supported by data.
The subprime mortgages were created and funneled through unregulated derivatives markets. Banks made these loans because they were profitable for them. Not because government made them. In fact, the vast majority of loans were made by unregulated mortgage brokers, not community banks subject to stipulations in the CRA.
My guess is you know next to nothing about this, other than you’ve been told to “blame government”.
You are not a good guesser.