Quote:
Originally Posted by TheSpecialist
Looks like the regs were for mortgage lending were eased under Klinton. You see it's good for votes to take care of those who can't take care of themselves...
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Blaming this on Clinton demonstrates a lack of understanding of the problem...
Yes, easing lending rules certainly contributed to the issue, but Greenspan's monetary policy, credit default swaps, removing the barriers between lenders/investment houses/insurance, mark to market, greed, probably some illegal activity, etc... all got us to where we are.
-spence