Banks gave home loans to people who couldn't pay them back because they resold the loans (passed the risk onto someone else), not because of "fines". Deregulation caused the housing bubble, not overregulation.
"Regulatory reforms such as Dodd-Frank require lenders to make a reasonable and good faith determination of a borrower's ability to repay any loan secured by a dwelling".
No.
ReplyDelete^^Insane in the membrane^^
ReplyDeleteI watched an interesting video on this topic the other day. Lemme dig through my YouRube history.
ReplyDeleteTariffs aren't government intervention? Who knew?
ReplyDeleteWe had tariff's in 2008?
ReplyDelete?
DeleteWe didn't?
DeleteDerpy, you're left-wing.. what do you have against tariffs and government interventions?
DeleteNothing. I think they are a good idea (answering for "Derpy").
DeleteI wonder if the fines for not giving broke people housing loans would have been cheaper long term.
ReplyDeleteBanks gave home loans to people who couldn't pay them back because they resold the loans (passed the risk onto someone else), not because of "fines". Deregulation caused the housing bubble, not overregulation.
ReplyDeleteThat sure explains HUD's targets... e-r-r-r-r-r-p.
ReplyDeleteHUD never mandated banks make liar loans.
ReplyDelete"Regulatory reforms such as Dodd-Frank require lenders to make a reasonable and good faith determination of a borrower's ability to repay any loan secured by a dwelling".