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Reminder housing crisis was caused by GOVERNMENTS not banking industry
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Date: May 27th, 2016 5:43 PM Author: Arrogant business firm volcanic crater Congress + Bush + Clinton + Bush put laws / rules in place putting quotas on the percentage of low income and very low income borrowers lenders had to lend to. (Because credit scores and any metric of judging borrowers is "racist" in the bullshit-liberal way).
Association of Community Organizations for Reform Now (ACORN) would sue anyone who was not lending to a shit load of low income.
It got to the point that lenders were literally required by the Gov to make more than 50% of their loans to low income or very low income borrowers. Lenders DID NOT WANT TO DO THIS. They were LITERALLY FORCED TO by the gov.
Shitty Mortgage backed securities were a SYMPTOM of this.
The banking industry was more a CASUALTY of this than a cause. Bubble was happening anyway. They did not help, and they COULD/SHOULD have figured it out earlier and stopped it, but they did not cause it. |
Date: May 27th, 2016 5:43 PM Author: Saffron factory reset button selfie LOL jfc suck a dick you scum (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572347) |
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Date: May 27th, 2016 5:44 PM Author: Arrogant business firm volcanic crater This is all true. (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572352) |
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Date: May 27th, 2016 5:44 PM Author: Tantric liquid oxygen its lol how conturds have to tie EVERYTHING to race but then they get MAF when u call them racist (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572351) |
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Date: May 27th, 2016 5:45 PM Author: Arrogant business firm volcanic crater Truth is truth my brah.
Ask any non-American economist about this and this is the explanation they give. Many US economists also. |
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Date: May 27th, 2016 5:58 PM Author: Tantric liquid oxygen cause scum JOO bankers relaly need govt intervention to figure out how to fuking market TTT shit loans to poors and midclass prowls and then repackage them as debt instruments and sell them to other joos.. yea got it faggot (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572457) |
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Date: May 27th, 2016 5:59 PM Author: Arrogant business firm volcanic crater The JOOs doing this was not teh cause of the crisis. It was involved, but not the cause. If they did not do this, there still would have been a buble and crash. It's just that AIG and Lehman and BS would still be around. (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572470) |
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Date: May 27th, 2016 6:01 PM Author: Tantric liquid oxygen ok so the joos are at it again, im sure this is cause govt is forcing them to lend to nigs:
http://www.cnbc.com/2016/05/26/wells-fargo-launches-3-down-payment-mortgage.html |
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Date: May 27th, 2016 5:52 PM Author: Arrogant business firm volcanic crater (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572416) |
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Date: May 27th, 2016 5:53 PM Author: Concupiscible state Plz cite law requiring anyone to lend to low income. (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#30572423) |
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Date: May 29th, 2025 4:43 AM Author: burgundy corner 1 bdrm rent@ $2,280 definitely is reasonable bro
https://youtu.be/bmjde13aGeg?si=a-hIX7ssv_iEnxBH&t=148 |
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Date: May 29th, 2025 5:50 AM Author: mint chapel If the govt hadn't started subsidized the home mortgage industry starting in the 1930s.... (http://www.autoadmit.com/thread.php?thread_id=3236067&forum_id=2#48969859) |