You're mine now !!!

[mookiemookie]

Originally Posted by SteamWake

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.

Profit motive, the reach for yield in the face of ultra low rates, the need to gain market share and the "lend to securitize" model of lending where banks could "pass the buck" and not have to hold garbage loans on their balance sheet is what did it. Not the whims of a president or presidents.

And Carter? Carter?! That was 30+ years ago. And you're telling me something he did (I have no idea what unless you're gonna go with the old debunked CRA argument) caused the 2007 financial crisis. That argument fails not just logically, but in terms of time and space.