badgenome on 16 October 2009
| Avinash_Tyagi said: No more than predatory lending and over-leveraging and taking on too much debt by consumers and private companies lack of regulation of shadow banking, like I said don't just take what the right wing sites tell you about the crises, lending institutions didn't have to give out loans to people who had no income and no jobs, they did it because they thought the market would keep going up and wanted to cash in, and people wanto get the loans for the same reason this wasn't the government forcing it |
You might want to familiarize yourself with the Community Reinvestment Act. kthxbai
