The government created the crisis back in the 60s when they started the HMDA reporting and then said banks had to lend money to people that were not qualified via the three Cs
CREDIT (how well they paid their bills)
COLLATERAL (20% down)
CAPACITY TO PAY (did they have a fucking job)
Said it was racist... so then they started moar Federal Reserve like hybrids Fannie Mae, Freddie Mac, Ginnie Mae, then college loans and a bunch of other stuff to basically guarantee that broke dick mutherfuckers would pay back the bank loans or the gov would tax responsible people enough to give them their money back.
Bush, Clinton, Bush, Obama, were just moar sorry mutherfuckers adding to the bankers wealth.
The government created the crisis back in the 60s when they started the HMDA reporting and then said banks had to lend money to people that were not qualified via the three Cs
Said it was racist... so then they started moar Federal Reserve like hybrids Fannie Mae, Freddie Mac, Ginnie Mae, then college loans and a bunch of other stuff to basically guarantee that broke dick mutherfuckers would pay back the bank loans or the gov would tax responsible people enough to give them their money back.
Bush, Clinton, Bush, Obama, were just moar sorry mutherfuckers adding to the bankers wealth.