Yeah, there were alot of comments in one of the threads, people talking about watching the 2008 recession destroying their families. Heartbreaking, ugly tears...
Bail outs for Wall Street
People who were not qualified were given mortgages that could not be repaid. Balloon burst for everybody.
In our area, things have been tough for about a decade. Sucks that generational businesses shut down, especially when we know that fat cats with their billions made even more billions from screwing us.
It’s a little more complicated than blaming it all on the banks. Wheels were set in motion for the crisis by Clinton and his HUD Secretary Andrew Cuomo, with the Community Reinvestment Act of 1995. If I’m not mistaken this also made credit default swaps legal again. See my post below https://greatawakening.win/p/11SKGdHrMe/x/c/4DvnyLxz8Uc
Absolutely it was bigger. I just simplified it in my post. The stupid thing was after the crash, my husband and I went to purchase a 2nd home. We could have paid cash but went the financing route. It took 3 months! If only they had been that careful with as Covefefe_Commando posted, they had done this with the NINJA loans.
Yeah, there were alot of comments in one of the threads, people talking about watching the 2008 recession destroying their families. Heartbreaking, ugly tears...
Bail outs for Wall Street People who were not qualified were given mortgages that could not be repaid. Balloon burst for everybody. In our area, things have been tough for about a decade. Sucks that generational businesses shut down, especially when we know that fat cats with their billions made even more billions from screwing us.
It’s a little more complicated than blaming it all on the banks. Wheels were set in motion for the crisis by Clinton and his HUD Secretary Andrew Cuomo, with the Community Reinvestment Act of 1995. If I’m not mistaken this also made credit default swaps legal again. See my post below https://greatawakening.win/p/11SKGdHrMe/x/c/4DvnyLxz8Uc
Absolutely it was bigger. I just simplified it in my post. The stupid thing was after the crash, my husband and I went to purchase a 2nd home. We could have paid cash but went the financing route. It took 3 months! If only they had been that careful with as Covefefe_Commando posted, they had done this with the NINJA loans.