JakeStarkey
Diamond Member
- Aug 10, 2009
- 168,037
- 16,520
- 2,165
- Banned
- #41
The problem with the mortgage industry was that the government ceased to be involved, and the Glass-Steagal Act was repealed. Had that not happened, there would not have been the crash. And guess who pushed the repeal of the Glass-Steagal Act?
Seriously, are you really this blind?
Ever heard of Fannie Mae and Freddie Mac...have you?
Because Glass-Steagal was repealed. That, then the creation of FM. OK?