Reply to "Negative campaigns backfire"

Lets Go Jeepin'Hall of Famer

quote:
Originally posted by Buttercup:

Wrong. Lies on behalf of lending institutions and unregulated investment banks started that dive. It's true that people should not have taken out adjustable-rate mortgages, knowing the payment would go up. But it was also wrong for underwriters to make loans to any and everyone without checking employment, salary, etc. I work in the banking industry, Jeepin', and they're not innocent in this.

Lending institutions had a lot to do with it as well, but it was the housing bubble that pushed us over the edge. If Fannie and Freddie hadnt been securing those loans with the government (aka Clintons) backing, they would have never made those risky loans in the first place. Banks arent out to loose money, the only reason they were willing to take the risk is someone told them the govt was backing the loans and taking the risk for them.....

6/2/105:40 PM

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