Barack Hussein O is a huge white supremacist
- Thread starter Marshall Jeff
- Start date
I read somewhere that people that resort to name calling have no intelligent rebuttals.
I remember an idiot who insulted people's intelligence by claiming the federal govt forced financial institutions to not verify income of loan applicants.
And it’s still true. But why would you believe that when you believe the FBI has never done anything wrong, Joe Biden is sharp as a tack, and Kamala Harris is the smartest woman in politics?
The Government Did It
Don't call the mortgage crisis the result of insufficient regulation. Our government was behind the wheel all along.
www.forbes.com
Consider the low lending standards that were a significant component of the mortgage crisis. Lenders made millions of loans to borrowers who, under normal market conditions, weren't able to pay them off. These decisions have cost lenders, especially leading financial institutions, tens of billions of dollars.
It is popular to take low lending standards as proof that the free market has failed, that the system that is supposed to reward productive behavior and punish unproductive behavior has failed to do so. Yet this claim ignores that for years irrational lending standards have been forced on lenders by the federal Community Reinvestment Act (CRA) and rewarded (at taxpayers' expense) by multiple government bodies.
