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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: grusum who wrote (37447)1/10/2013 3:40:29 AM
From: Broken_Clock  Read Replies (2) | Respond to of 85487
 
I've never heard of the gov't "forcing " loans...although their may be some isolated examples...

prime causes were the repeal of Glass Steagall, raising the tax free profit to 500k for married couples, ZIRP, lack of gov't oversight on wall st. sub prime stated income loans, and unfettered greed from the lowest realtor, to the poorest buyer to the richest wall st. rook.