Quote:
Originally Posted by mookiemookie
I still fail to see how any of those political goals translated into mortgage brokers and banks lowering their lending standards. That was a purely profit motivated decision, not a government mandate.
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When your mother tells you to clean your plate you had better do it.
Carter, Clinton, & Bush No 1 all strongarmed the banks to make the loans that they were full and well aware would not be repaid.