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To: hank2010 who wrote (61714)10/17/2008 3:10:09 PM
From: E. Charters  Respond to of 78410
 
It was a death of a thousand cuts.



To: hank2010 who wrote (61714)10/17/2008 7:57:49 PM
From: Valuepro  Respond to of 78410
 
Bravo! Looks like a few of us here know the real story.



To: hank2010 who wrote (61714)10/17/2008 8:22:33 PM
From: loantech  Read Replies (1) | Respond to of 78410
 
<Everyone considered it laudable to increase the % of the population who were home-owners. Lending regs were relaxed>

Not me I very much disliked the loose underwriting standards.



To: hank2010 who wrote (61714)10/17/2008 10:18:33 PM
From: Land Shark1 Recommendation  Read Replies (1) | Respond to of 78410
 
Regardless, the end result was relaxing the regulations, which included allowing securitisation of the loans. This means LESS govt. intervention, not more. If certain interests pressured NINJA loans, then it's up to good government to not allow them. I'm sure everyone would love no taxes, a chicken in every pot and free Hummers... Responsible govt. would oversee and regulate the industry, such as it is here in Canada.


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