Quote:
Originally Posted by fishbones
As for the loan companies, some of that "predatory lending" was brought about by pressure from minority groups. I'd be willing to bet that some of those companies knew that loans were going to be defaulted, but did them anyways so they wouldn't be harrassed anymore.
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Thanks for the BET photo op. You've always been one to keep my rants on an even keel when applicable.
And
all of that rabid lending was brought on by an explosive surplus of mortgage backed securities that needed to be packaged and sold. More product than there were customers.