[BitWielder1]

Isn't this how the last financial crisis started?
Lending money to people who had no chance of paying it back and leaving taxpayers to hold the bag.
How is more of the same supposed to be good?

[Don Corleone]

Isn't this how the last financial crisis started? Lending money to people who had no chance of paying it back and leaving taxpayers to hold the bag. How is more of the same supposed to be good?

Its good for those who want to collapse the system. Can you say,"Cloward-Piven"?

[Texas resident]

This whole crap started with barney frank and chris dodd, leaders of the banking committees. They held up banks expansion plans in order to force them to lend to certain folks (democrat voters). The banks knew that the loans would be bad so the feds made a deal with them to buy up any bad loans. The bad loans were then bundled up with real notes and sold as investments instruments. When the owners of these investments found out that they had been had, the poop hit the fan.
Now the doj is taking over that role. Big difference is that the doj is federal law enforcement, not just a senator or a rep.
The marxists in dc now own the banks and are running them according to their political needs. And since they own the banks, they can and probably force their banks to make more and more risky loans that got us in this mess in the first place. This is intentional.

[TimSkalaBim]

Right you are! I guess when Chris Dodd and Barney Frank not only skated by any accountability for their roles in the whole mess, but actually wrote the law to "reform" the system they helped create, then left-wingers concluded they can get away with anything. Heck, they figure, we'll do the exact same thing again and who will stop us?