Does Universal Healthcare include Illegal Immigrants?

[TheRealMafoo]

Avinash_Tyagi said:

badgenome said:

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

  Yes, I am familiar with it, but that didn't cause landing institutions to start handing out loans to people with no income and no jobs, didn't force consumers to take those loans, didn't cause the lack of regulation in the shadow banking, those had nothing to do with the government, and were just as big if not bigger causes

So let me see if I fallow you.

Banks were only lending out 60% of the population homes loans. The government comes along and says "we want that number to be 66%. Give that extra 6% home loans. and if the fail, we will cover you". 

So the bank now has a risk free opportunity to make money They would be stupid not to take advantage of it.

Because we now have 10% more home owners, the cost of houses goes up. This is good for government (taxes), so they say to the banks "this is working well, go ahead and give 75% of the population loans, and we will cover any over 60%"

So banks do what government is telling them to do, and still, it's not governments fault?

What in a perfect would should the banks have done? Had someone come in for a home loan and tell them "You qualify under this government plan, but I just don't think you should have a house"?

I can just see that Bank exec at his share holders meeting "Yes, the government gave us the opportunity to make hundreds of millions of risk free dollars, but I just thought we should take the moral high ground, and not allow these people to buy homes".

Give me a break. Stop trying to rewrite history. Government screwed this one up.