Horsewash.Scooter wrote:Complete crap. A policy to increase lending to those with low or moderate incomes is nothing even remotely the same as a policy to lend to those with bad credit or to those who are buying more house than they can afford. The former is what successive administrations attempted to do. The latter is what banks did all on their own because they believed it would make them money They gambled, we lost.dgs49 wrote:This thread is FILLED with evidence that many Democrats in Congress as well as the White House were directly responsible for creating the situation that fostered the real estate bubble that inevitably burst and precipitated the current recession.
The evidence that apparently the rest of the planet accepts, says elsewise. HUD, by its own admission, made the directives. Hard to argue for a guys innocence when he insists on telling you he is guilty.