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Old 09-29-2008, 01:34 PM
Munchkin03 Munchkin03 is offline
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Quote:
Originally Posted by CrackerBarrel View Post
I think he means that a news source is finally pointing out that banks didn't just decide "Hey, let's stop making sure people are going to be able to pay us back before we loan them money, it'll work out great." To point out that the reason banks made these kinds of loans is because they were coerced to is a big difference from everyone just printing the garbage Barney Frank has been spewing about "Look what the greedy banks that the Republicans deregulated got us into."
No, no, no. I absolutely know that the banks were encouraged to lend to riskier people, as a way to right previous wrongs, the CRA being the most glaringly obvious example. Again...I've been hearing this for at least the past year and a half.
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