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- #161
I know. Look how well things went when ANYBODY could get a loan.
Left alone, do you think banks would make housing loans to just anybody today?
Now I'm confused. You just said you actually meant that only "elites" are getting the money. Now you're agreeing with my point you just said you disagree with? What?
You just said you actually meant that only "elites" are getting the money
I'm saying we don't need new regulations to stop banks from making loans to unqualified buyers.
Banks learned their lessons. Now they're being forced too far in the other direction.
That's one reason for our current slow growth.
Government is what pushed banks to make loans to unqualified buyers and the Fed funded it with free money
Pushed yes, free money, no.
Absolutely it was free money, virtually zero interest