Personal musings of free markets and how they impact current events
Wednesday, November 26, 2008
Some Folks "Just Do Not Get It!"
1 comment:
Anonymous
said...
Of course this entire rant is based on a false premise that those poor lenders were forced to make bad loans. What happened was that regulators did not oversee the ratings of lenders and the GOP changed the laws to allow mortgages to be combined and sold as commodities artificially driving up home prices. It was lack of regulation not forcing lenders to lend equally not based on race which has been a problem and a basis for the community reinvestment act. Just like ACORN you attempt to blame good law for your failures.
1 comment:
Of course this entire rant is based on a false premise that those poor lenders were forced to make bad loans. What happened was that regulators did not oversee the ratings of lenders and the GOP changed the laws to allow mortgages to be combined and sold as commodities artificially driving up home prices. It was lack of regulation not forcing lenders to lend equally not based on race which has been a problem and a basis for the community reinvestment act. Just like ACORN you attempt to blame good law for your failures.
Denisee
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