They did that already. The interest only loan burst is still having ripple effects. Toxic loans are toxic.
By golly, that was soo much fun the last time we did it, this MORON wants to repeat it.
“But this time it’s different.”
Or does she even bother with a fig leaf?
Another keynsian community reinvestment act. They won’t learn because they do not have any actual skin in the game. Rather the skin they do have in the game is protected by insider trading type information.
Just dam......
KYPD
Nothing is too stupid for a Leftists to not try it again and again.
This is how they collapsed the economy the last time, through the Community Reinvestment Act which forced banks to make many billions of dollars of bad loans.
That’s what created the mess in the first place!...................
Make loans to people in certain neighborhoods or we’ll charge you with ‘red lining practices’.
So, you then Make loans to people in those certain neighborhoods and they charge you with ‘Predatory loan practices’..............
Hey, Rocky, watch me pull a mortgage out of my arse,
What, again??!?
Generally, children believe adults have it made... have all the answers.. do it all right...
Then you grow up and realize they don’t know what they are doing and they are in charge...
"Its Deja-vu all over again" --Yogi Bara
So we will repeat the mistakes of the past, and expect different results?
So what’s up with this? You wait a few years, so people’s memories fade as to what happened during the last mortgage meltdown? Then you repeat the process???
And then she will be shocked, just shocked, if we have another crisis due to big defaults on new risky loans. Or she will claim it’s racist to foreclose and try to collect on bad loans.
I am sure this humble public servant is a multi-millionaire, why does Waters not start her own bank and make loans all day to people who can’t and will not pay the loans back?
It is good practice to not anger people who have billions of dollars at their immediate disposal.
People who do, tend to disappear..........................
Atlas ping, specifically Michael “Midas” Mulligan, Eugene Lawson, Lee Hunsacker and Judge Narragansett.
NOW!.....NOT LATER!
Second act, same play — same actors. Those “actors” are looking at that “play” unfolding in Venezuela, with horrific human consequences; yet, they push on, because Progressive ideology imposes its ugly ideology which ignores the U. S. Declaration’s “Supreme Judge of the world” and the implications of that Declaration.
1) If you don’t give me a loan, you are a racist.
2) If you give me a loan which I can’t afford to pay back, you are a racist.
3) Just give me money and we’ll say we’re even. Until I come back next week.
She and Franklin Raines stole tens of millions from Fannie Mae in the form of bonuses from their scam.
I hope this doesn’t affect those Montana Snow Banks.
I guess sometimes they give you a free cat when you open an account.
Just thaw him out a little.
Do they like give you kittens for interest.
“I’ve got all my snow in the First National Snow Bank. They’re paying three kittens per annum.”