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Politics : View from the Center and Left
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To: neolib who wrote (55544)3/23/2008 10:16:23 PM
From: TimF  Read Replies (1) of 543366
 
Saying low interest rates are a good thing was an oversimplification. But they aren't automatically a bad thing either.

It is a fantasy to think this problem was caused by minorities trying to buy their first home.

I didn't say it was caused by minorities trying to buy their first home. I said it was caused in part by loose credit standards, and that government pressure (including but not limited to pressure dealing with loans to minorities) helped lower those credit standards.
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