Vic
Elite Member
- Jun 12, 2001
- 50,415
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No bank was ever forced to make a bad loan. Period.
And like I said, Bush expanded upon Clinton's programs in this regard aggressively. Still, they were not the cause of this. Those loans perform in line with prime loans. The cause was the toxic subprime made by independent mortgage companies with no force or even help from the govt or Fannie Mae, and sold mostly to Wall Street and foreign banks.
I'd love to see this report from your dad's financial planner.
And like I said, Bush expanded upon Clinton's programs in this regard aggressively. Still, they were not the cause of this. Those loans perform in line with prime loans. The cause was the toxic subprime made by independent mortgage companies with no force or even help from the govt or Fannie Mae, and sold mostly to Wall Street and foreign banks.
I'd love to see this report from your dad's financial planner.