DoughtyOne blames lawsuits forcing banks to make bad loans.
The banks and other lending institutions were taken to court and forced to make bad loans. 0ur current president actually filed one of the cases. Janet Reno filed others. Leftist judges sided against the lending institutions and the rest is history.
Then when those loans went bad some folks who should know better, agreed with Obama & Barney Frank that this was all the greedy banks fault.
jessduntno blames the Dems for letting Wall Street leverage through Government-sponsored enterprise. This rampant capitalism is socialist somehow:
We get the shaft from the Dems as far as I see it.
Not that the Banks are clean, but they did EXACTLY what the Dems wanted them to ... the Dems figured out a way to buy everyone a house with our money and watch us go broke doing it, but they never could have done it without the GSE move in the 90’s and the repeal of the regs that kept them from doing just this.
Shit, let someone leverage their assets 90-1, package garbage with a little good stuff and they WILL steal you blind. This was a good old fashioned gold rush - the Dems allowed the bundlers to “salt the mines” with a few nuggets and sell them all over the world.
They ALL screwed us, but the Socialists did it and want us to burn down the greedy bastrds that did their dirty work for them. They just played on the greed. That’s what they do. Then they whip “the little guy” into a frenzy of hate for the “fat cats” in power and step in to save us.
The DEms are running the same old socialist con, using the GSE as a vehicle. Bastards. GSE pimping bastards
LOL,
ReplyDeleteYou forgot one thing, Ozy. The loans were all made to minorities and those damn illegal furriners. It was these loans that crashed the economy. The poor widdle banks were forced to make the loans to the blacks and illegals due to political correctness. I am sure this narrative will be somewhere down the thread too,LMFAO.
Yeah, those evil poor people causing our economy to crash! How dare they!
ReplyDelete