Quote:That is the real shame, they all got away with it.

 

 

I'm not saying no regulations was the option, I'm saying the market was created by legislation. The banks had never entered the sub-prime mortgage before because they where BAD loans, they knew it, everyone knew it. Writing bad loans is how banks go out of business, it wasn't until the Feds mandated a percentage of the loans be sub prime and then they would guarantee those loans that the market developed.

Ignoring the fact that they did more than just issue loans but what they did with them afterwards as being just as bad, if not worse than the initial lending of the loans, you don't think the banks themselves had a hand in pushing for these regulations to their bought and paid for politicians? This is what money does when unlimited bribes can be legally injected into the system. Mammoth ROI on contributions by those with massive sums of wealth. 

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