Federal Government Pressuring Banks to Lower Standards

[CLW]

Yeah that whole housing bubble thing wasn't that bad the first time. let's do it (lower loan standards) again and give people homes they cannot afford and have virtually no chance of ever making the payments. i'm sure another housing crisis/market crash couldn't possibly happen again.... :fp:

http://www.cnbc.com/id/43768290

[psuexv]

Ummm... Isn't this article from 2011?

[JBHuskers]

Published: Friday, 15 Jul 2011 | 10:09 AM ET

But to Republicans, facts don't matter ;)

[bdoughty]

But to Republicans, facts don't matter ;)

To throw this back on course...

APRIL 2nd of this year.

http://www.washingtonpost.com/business/economy/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit/2013/04/02/a8b4370c-9aef-11e2-a941-a19bce7af755_story.html?hpid=z1

Obama administration pushes banks to make home loans to people with weaker credit

[CLW]

Published: Friday, 15 Jul 2011 | 10:09 AM ET

But to Republicans, facts don't matter ;)

Or you could just ignore facts that Obama/Federal Government has been doing it for 2+ years now so we are 2+ years closer to the next housing crash when the ghetto trash that Obama "encourages" banks to make loans to all default.

[AustinWolv]

Don't worry, CLW, it will work out, because the people that DO work and DO pay taxes can gladly carry the burden for the illegals and those that will pick up government assistance.......

;)