M
Mark Zacharias
Guest
"William Sommerwerck" <grizzledgeezer@comcast.net> wrote in message
news:hitadu$104$1@news.eternal-september.org...
lower-income people (yes, and minorities) could become homeowners.
The Bush administration tried to tighten the rules (from the Clinton era)
and were blocked by the (Democrat controlled) Congress.
This wasn't the only problem - there were many villians in this whole mess -
on both sides of the aisle in Congress and in the private sector.
Mark Z.
news:hitadu$104$1@news.eternal-september.org...
It's well known that the standards for mortgages were lowered so that moreNo one forced them. Their broke their own rules.
More willful blindness.
Again,you are mistaken.
The banks were threatened by the DemocRATs to make questionable
loans. Pressured into making them.
Again,how would you have the banks deal with the shaky loans they had to
make?
This is not my understanding of the situation -- not as it was told in the
news. Specific evidence, please.
lower-income people (yes, and minorities) could become homeowners.
The Bush administration tried to tighten the rules (from the Clinton era)
and were blocked by the (Democrat controlled) Congress.
This wasn't the only problem - there were many villians in this whole mess -
on both sides of the aisle in Congress and in the private sector.
Mark Z.