Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Notary Sojac

Silly article. The author fails to mention the small point about the federal government coercing banks to loan money to unqualified borrowers — forcing banks to engage in practices which they would have otherwise avoided. Under the guise of “fairness” and “diversity” many banks had no choice but to approve loans which were patently risky. The feds didn’t give them an option.


5 posted on 09/13/2011 7:42:55 AM PDT by Blennos
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Blennos; FlingWingFlyer
The banks had six years while there was a GOP President and Congress to do something about that.

They did nothing, betting instead that when it all blew up they could get a taxpayer bailout.

10 posted on 09/13/2011 7:46:21 AM PDT by Notary Sojac (Nothing will cure the economy but debt deleveraging, deregulation, and time.)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson