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The Water Cooler
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Obama and our government have hurt me, not helped me, every step of the way
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<blockquote data-quote="mugsy" data-source="post: 1846921" data-attributes="member: 18914"><p>There certainly were greedy bankers but to the extent that they made loans widely available to those who should not have had loans (at least of the size approved) they were following Federal government pressure to carry policy goals of extending home ownership on very favorable terms to those with little collateral and very shaky long-term income prospects. Those bankers who most eagerly dove into this particular cesspool were less creators of the mess than conspirators with bureaucrats essentially enacting the 20th-21st century equivalent of the easy money and easy land policies.</p></blockquote><p></p>
[QUOTE="mugsy, post: 1846921, member: 18914"] There certainly were greedy bankers but to the extent that they made loans widely available to those who should not have had loans (at least of the size approved) they were following Federal government pressure to carry policy goals of extending home ownership on very favorable terms to those with little collateral and very shaky long-term income prospects. Those bankers who most eagerly dove into this particular cesspool were less creators of the mess than conspirators with bureaucrats essentially enacting the 20th-21st century equivalent of the easy money and easy land policies. [/QUOTE]
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The Water Cooler
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Obama and our government have hurt me, not helped me, every step of the way
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