[CharacterCounts]

The DemocRATS forced the banks to lend to people who had no chance of ever paying the money back.

I've heard that line too many times.

Yes the Democrats were all for easy money, but:

So were most Republicans

And, so were the banks.

There are no good guys in this boondoggle.

[Notary Sojac]

Yeah, show me a mortgage lender who spoke out loud and clear in the early 2000's against being forced to make risky loans.

chirp.....chirp.....chirp......

[Brookhaven]

To accomplish their goals, what the Democrats did was remove RISK from the system for banks. If the banks would loan money to unqualified people, the government would assume the bank’s risk.

The money’s gone. That’s the one thing we’ll have to face up to if we’re ever going to get this turned around. Whoever assumed the risk on those bad loans is going to have to bite the bullet—and it looks like it’ll be the taxpayer.

If we can somehow do a reset on the system, and then put the RISK back in the system where it belongs, we’ll be OK. Somehow we’ve got to get the risk-to-reward ratio back in balance for banks.