JoeB131
Diamond Member
Couldn't it be said that the banks were taking the bad loans, and doing bad things with them because the Democrats were forcing them to make bad loans to people who could never repay the loans back, and they knew it ?
Nope, it wouldn't be that at all. I know you guys like to blame poor people buying houses under the CRA, but the CRA only prevented banks from discriminating against people based on where they lived, not what their finances were.
No, the housing bubble was caused by the banks and realtors encouraging MIDDLE CLASS people to buy in way over their heads with the fools gold of flipping a house after throwing a new paint job on it.