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Without government, who would investigate the government and conclude the government did nothing wrong?
Topic Started: Apr 12 2016, 10:43 PM (313 Views)
estonianman
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Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

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Edited by estonianman, Apr 12 2016, 10:44 PM.
MEEK AND MILD
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Robert Stout
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The government facilitated people buying homes during the bubble in which they had neither the desire or ability to pay for them...Later, I remember a cleaning lady complain the bank was taking HER $500,000 home...She never had made a payment...Liar loans and "subprime" mortgages eventually led to banks being bailed out by the taxpayer...Not so much for the borrowers......... :rollseyes:
Jesus can raise the dead, but he can't fix stupid
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clone
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Director @ Center for Advanced Memetic Warfare
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Only liberals can choose not to go down the road to widespread, systematic violence.
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estonianman
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This forum could do well to learn the true anatomy of a crisis and recognize the 2007 crash to be a failure of government

MEEK AND MILD
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