Archive for the ‘economics’ tag
Subprime Mortgage Lending
Are the people who got subprime Mortgages only lose their home disturbed govt to destroy their dreams?
Do they even realize they were used as pawns in Govt? Only for Govt to take over banks, as it was govt who came up with subprime mortgages and forced banks to lend to people just for the people to get their dreams crushed? It was not the banks fault, it was they left winger Org, who got involved and intimidated banks, etc.. Their fault.
It was not the government that came up with subprime mortgages. The banks and financial institutions did. The government has nothing to compel the banks to do something. It was the banks and lending institutions that built size and sale of loans, promising that they could sell or refinance their loans when their value went up (which it did not). The government could only see page moneychangers had bought off Congress to deregulate the industry. And BTW, it was the right WING organizations that made it to our country. z