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<blockquote data-quote="Jones" data-source="post: 910220" data-attributes="member: 4805"><p>Because the housing market stalled. That's not the only reason but it was the first link in the chain. Continuing to pump out new home loans at a high rate was lynchpin of their business model and once that slowed down everything else starting falling apart. Prior to that they were making insane amounts of money, during the peak years of the subprime market Angelo Mozilo's personal compensation was over 400 million.</p><p></p><p></p><p></p><p>It doesn't say anything like that. They didn't do year to year to comparisons nor did look at effects of government regulation, they analyzed the data in the 1990 HDMA report and reported the results. This was their conclusion:</p><p></p><p></p><p>If in fact they did strengthen the regulations in 1995 perhaps this is why. Let me know when you find that paper from 1994 or 1995, I'd like to see it.</p></blockquote><p></p>
[QUOTE="Jones, post: 910220, member: 4805"] Because the housing market stalled. That's not the only reason but it was the first link in the chain. Continuing to pump out new home loans at a high rate was lynchpin of their business model and once that slowed down everything else starting falling apart. Prior to that they were making insane amounts of money, during the peak years of the subprime market Angelo Mozilo's personal compensation was over 400 million. It doesn't say anything like that. They didn't do year to year to comparisons nor did look at effects of government regulation, they analyzed the data in the 1990 HDMA report and reported the results. This was their conclusion: If in fact they did strengthen the regulations in 1995 perhaps this is why. Let me know when you find that paper from 1994 or 1995, I'd like to see it. [/QUOTE]
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