Don't take my word for it:Lending establishments believed that the price of housing only went up and therefore stopped performing even cursory checks on whether or not a borrower could afford payments. That's when the shit hit the fan.Nope, it was a feeding frenzy. I refer all the people who've been duped to this radio show:Government pushed it to the brink of collapse by forcing sub prime loans from banks and they providing endless free money to fund it
355: The Giant Pool of Money
You don't know what you're talking about. It was a Clinton policy continued and expanded by W. It was both parties
You don't know what you're talking about. It was a Clinton administration policy to build up the sub prime market and the Fed funded it. W kept doing it
For the Last Time, Fannie and Freddie Didn't Cause the Housing Crisis
BTW, did you listen to the Giant Pool of Money?
I didn't say Fannie and Freddie caused it, what's your point?