'Now the Liberal Liar rocky mtn bill would have you all believing that Banks willingly lent money and gave mortgages to people that they knew would be unable to repay the loans.'

errrr....that's exactly what they did. giving loans even if they had no job in some cases....


"In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."

The worst part was that the mortgages were allowed to be traded, and exempt from regulations. This policy was carried on by Bush for two terms.

The whole story
https://en.wikipedia.org/wiki/Government_policies_and_the_subprime_mortgage_crisis

just say'n

P.S.- so you may be right, that banks were NOT willing to lend money, but were pressured into it...hmmmm

Last edited by dal; 04/01/19 08:42 AM.
Life is too short to have a 'hate on' for so many things or people. Isn't it?