Quote:
Originally Posted by saden1
LOL...this post is full lies and not backed up reality. The gov never ever told or foced the banks to give LIAR Loans.
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well, one small part of the housing boom/bust was certainly people getting into mortgages they might not have previously qualified for... BUT, there's been a lot exaggeration and mythology that it was "the minorities being given loans" that brought down our economy. uh, not quite. like i said, that was a small part of the housing problem (but plenty of whites got into loans they should have). but Tyrone's and Julio's mortgages aren't to blame for wallstreet peddling toxic shit like Credit Default Swaps.