Originally Posted by jimnjana
Did you read what you posted? Just wondering.
re president bushes fact sheet
Yes. Matter of fact a number of folks in the news media are pointing out the connection between the low interest rates of the last several years, the push for lenders to accommodate risky borrowers as being part (not all) of the catalyst leading up to the sub-prime crisis. I saw an interview with a lender that did not get into trouble with this that indicates that there was significant
encouragement to begin figuring out how to lend to people with lower incomes. This resulted in regulators being more lenient, etc, etc.
Of course some greedy lenders were part of the problem... can't blame miscreant behavior on GWB.
Can't you read between the lines? Just Wondering?
Oh... and if you can't tell. I am not a fan of GWB.