PDA

View Full Version : let's get this straight...

ehall
January 15th, 2009, 12:35
If the primary reason why the financial system creaked and groaned was too many bad mortgages that were written under order of government regulators, then the correct fix is ... more government control over banks, and a hodge-podge of populist measures thrown in to boot (http://www.washingtonpost.com/wp-dyn/content/story/2009/01/15/ST2009011501986.html)
WB9YZU
January 15th, 2009, 14:04
If the primary reason why the financial system creaked and groaned was too many bad mortgages that were written under order of government regulators, then the correct fix is ... more government control over banks, and a hodge-podge of populist measures thrown in to boot (http://www.washingtonpost.com/wp-dyn/content/story/2009/01/15/ST2009011501986.html)

Bad mortgages were not "written under order of government regulators".

And the financial system did not creak and groan because of bad mortgages, it creaked and groaned under it's own burgeoning weight with no underlying support.
lonecountryboy
January 15th, 2009, 14:26
Bad mortgages were not "written under order of government regulators".

And the financial system did not creak and groan because of bad mortgages, it creaked and groaned under it's own burgeoning weight with no underlying support.

Have to disagree with you on that one you need to look up CRA (community reinvestment act).