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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (472793)4/17/2009 1:05:00 PM
From: Tenchusatsu  Read Replies (1) of 1575771
 
Z, > High-risk lending was not done because the government told the banks to loan to poor people. It was done because the banks needed more loans to securitize.

It's not an either-or thing. It's a bandwagon thing. Everyone jumps on until the wheels fall off. Then the finger-pointing begins.

Tenchusatsu
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