 Quote:
Originally Posted by Retire Soon
Hillary is right on one count: where were federal regulators when all of these home loans with ridiculous underwriting requirements written? The answer is they handled the situation in the same manner as they dealt with the 12,000,000 illegal aliens that crossed our borders-they simply looked the other way. Sorry folks, Washington has once again failed to protect its citizens.
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Sorry, but another person that is not aware of the facts... most of the loans were made by companies that are NOT regulated (except for fair lending and such)... they are not 'banks' that get told who they can lend to and how much capital they need... they are not getting 'deposits', but buying their funds from others. They then sale the mortgages to investors, again not regulated as much as you think as they are not sold to the general public...
All the cry about regulation is from the people who could have passed laws but did not...
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