Quote:
Originally Posted by FRPLG
Politicians rigged the system so broke ass people who couldn't afford houses were able to get loans that banks historically would have never given. They did this because it sounded pretty darn nice to say they were creating "affordable" housing. Smart people who understood economics were saying that rigging the system so that these people could get houses they couldn't afford was a long term bad idea and no one listened. Hell they were called racist, even though it had nothing to do with race. These types of arguments have been called "racially tinged" even today.
And don't bother asking about references saden. Why don't you make an argument refuting this? Why isn't ANYONE making an argument refuting this? I'd love to hear the argument because I'd really like to understand this but I still haven't heard one person anywhere say "No that wasn't the cause."
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Trying to help low income individuals become home owners is "politically correct?" It might be stupid, but I don't think it's politically correct. Also, I don't know how race, including charges of racism, has any role in this debate.
As for the causes of the crisis, you yourself said there is a lot of blame to go around.