Forum Replies Created
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Hobie
ParticipantMe thinks a VAT is a clever way to tax internet sales.
April 16, 2010 at 9:59 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539701ParticipantWe are actually together on most of this issue.
Except this:
[quote=SK in CV]
Not make loans to people who didn’t qualify.[/quote]
Then why did Freddie and Fannie buy the paper from the banks who issued loans mandated by the policy?
April 16, 2010 at 9:59 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539822ParticipantWe are actually together on most of this issue.
Except this:
[quote=SK in CV]
Not make loans to people who didn’t qualify.[/quote]
Then why did Freddie and Fannie buy the paper from the banks who issued loans mandated by the policy?
April 16, 2010 at 9:59 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540294ParticipantWe are actually together on most of this issue.
Except this:
[quote=SK in CV]
Not make loans to people who didn’t qualify.[/quote]
Then why did Freddie and Fannie buy the paper from the banks who issued loans mandated by the policy?
April 16, 2010 at 9:59 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540386ParticipantWe are actually together on most of this issue.
Except this:
[quote=SK in CV]
Not make loans to people who didn’t qualify.[/quote]
Then why did Freddie and Fannie buy the paper from the banks who issued loans mandated by the policy?
April 16, 2010 at 9:59 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540657ParticipantWe are actually together on most of this issue.
Except this:
[quote=SK in CV]
Not make loans to people who didn’t qualify.[/quote]
Then why did Freddie and Fannie buy the paper from the banks who issued loans mandated by the policy?
April 16, 2010 at 8:58 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539682ParticipantHold on guys. Put your guns down. The intent of the policy was to encourage banks to lend to folks who didn’t qualify under the current terms. ie. 20% down, income to prove loan repayment, etc.
The administration looked at the banks lending policies as ethnic discrimination rather than based on financial ability to repay.
The problems were the unintended consequences from this noble policy.
April 16, 2010 at 8:58 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539802ParticipantHold on guys. Put your guns down. The intent of the policy was to encourage banks to lend to folks who didn’t qualify under the current terms. ie. 20% down, income to prove loan repayment, etc.
The administration looked at the banks lending policies as ethnic discrimination rather than based on financial ability to repay.
The problems were the unintended consequences from this noble policy.
April 16, 2010 at 8:58 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540274ParticipantHold on guys. Put your guns down. The intent of the policy was to encourage banks to lend to folks who didn’t qualify under the current terms. ie. 20% down, income to prove loan repayment, etc.
The administration looked at the banks lending policies as ethnic discrimination rather than based on financial ability to repay.
The problems were the unintended consequences from this noble policy.
April 16, 2010 at 8:58 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540367ParticipantHold on guys. Put your guns down. The intent of the policy was to encourage banks to lend to folks who didn’t qualify under the current terms. ie. 20% down, income to prove loan repayment, etc.
The administration looked at the banks lending policies as ethnic discrimination rather than based on financial ability to repay.
The problems were the unintended consequences from this noble policy.
April 16, 2010 at 8:58 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540635ParticipantHold on guys. Put your guns down. The intent of the policy was to encourage banks to lend to folks who didn’t qualify under the current terms. ie. 20% down, income to prove loan repayment, etc.
The administration looked at the banks lending policies as ethnic discrimination rather than based on financial ability to repay.
The problems were the unintended consequences from this noble policy.
April 16, 2010 at 8:05 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539647ParticipantDon’t forget President Carter started with mandates to provide non discrimination and affordable housing in 1978(?). This, I believe is the tip of the arrow which got this snowball rolling.
The banks, fed, etc. all recognized they could make money with the gov backing the risky loans. The rest of the story is simply reaction to this policy.
April 16, 2010 at 8:05 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539768ParticipantDon’t forget President Carter started with mandates to provide non discrimination and affordable housing in 1978(?). This, I believe is the tip of the arrow which got this snowball rolling.
The banks, fed, etc. all recognized they could make money with the gov backing the risky loans. The rest of the story is simply reaction to this policy.
April 16, 2010 at 8:05 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540332ParticipantDon’t forget President Carter started with mandates to provide non discrimination and affordable housing in 1978(?). This, I believe is the tip of the arrow which got this snowball rolling.
The banks, fed, etc. all recognized they could make money with the gov backing the risky loans. The rest of the story is simply reaction to this policy.
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