fkusumot on 24 September 2008
| Kasz216 said: Got a link to that 07 bill? I'm curious if it would actually help. As for why the democrats liked the regulation and wanted to keep it though.... things like sub prime morgaging became popular helping a lot of people who couldn't afford it own homes... get homes. I mean, looking back on it. All those amazing years of unprecedented home ownership under clinton were the first sign of the problem. |
I understand how anyone could reach this conclusion but it wrong. The problem happened after this when the mortgage bankers starting rolling together all of these mortgages in securitized packages and selling them as mortgage-back bonds. The way it was rigged all of that bad "B" paper magically became a AAA-Bond. You get what I'm saying?
