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Re: “Sorry, but banks DID cause the mortgage meltdown”
Ahhh, nothing like the selective memory of a progressive and wanting to believe others have it as well. First Freddie the Fannie, then Fannie and Freddie kept going back to the govt with their palms up asking for financial help from around 2006 through 2010. Then several builders started having financials problems during the same period, then homeowners late 2008 started defaulting from their loans because of adjusted interest. You as a progressive may believe otherwise but some of us have amazing memories that we do wish at times that we did have your ability of selective memory.
Re: “Sorry, but banks DID cause the mortgage meltdown”
Frankly you are totally incorrect in your assumptions. First you would need to go back to Congress where Barney Frank and Dodson who pushed for low income consumer to be allow to get a mortgage. Secondly, you would also need to research Freddie Mac and Fannie Mae who also pushed and supplied mortgages. Thirdly would be the banks, hedge fund and other investors. Has absolutely nothing to do with political parties except in regards to the federal govt.
