kuzi16: laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies. how about this: http://www.capmag.com/article.asp?ID=5503 http://www.capmag.com/article.asp?ID=5487http://www.cato.org/pub_display.php?pub_id=10074http://www.cato.org/pubs/journal/cj29n1/cj29n1-8.pdfhttp://www.openmarket.org/2009/10/23/the-solution-to-the-government-caused-housing-crisis-more-government/http://moneyning.com/housing/government-regulation-in-the-housing-and-financial-crisis/ that was just a VERY quick search using Yahoo! and a quick search on sites i think are interesting. if you would like to read more i would be willing to look up more for you. there are people talking about it other than me and puro. laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion. i agree. it is silly. the government set up the regulations to make it very easy to get a loan even if you couldnt afford it or it was questionable to get one. then, the FDIC and other government agencies took the risk out of making those loans by insuring them. the lending companies went out and made loans with no risk because the government would take care of them and buy them up. ... and they did. this made money for them and they wouldnt have concequences. this was unsustainable, at some point people need to get paid. the bubble burst. again, when you regulate the risk out of investment, no good can come from it. it will always bite you in the ass. if the government regulation wasnt there, the loans probably would not have been made because there was too much risk to their own money. it is easy to risk other peoples money. and thats what they were doing. i hope my wording was correct. did that make any sense?
laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies.
laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion.