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Politics : THE WHITE HOUSE

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Dec 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (23311)	10/6/2008 1:49:23 PM
From: DuckTapeSunroof	Read Replies (2) of 25737

No. Home ownership has LONG been encouraged by the government in America. (Ever since the Depression.) (But private financial institutions were never 'forced' to make fraudulent loans, nor appraisers to make fraudulent appraisals.) GREED, and compliant 'regulators', was all that that required for that to happen. (And, anyway, as I've already pointed out: all the 'sub-prime' loans in the world wouldn't amount to 10% of the structural impairment in the world's financial systems today --- the crisis is FAR LARGER then all of that.)

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