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<blockquote data-quote="island1fox" data-source="post: 1266003" data-attributes="member: 4816"><p>rr,</p><p>Snopes --</p><p> </p><p>You must be kidding ---"Mostly" untrue that the young attorney Was TOTALLY responsible for the Housing collapse.</p><p> </p><p>Also the suit was not" REALLY" about people who could not afford to pay the loans back--just about not enough minorities and poor people ---who in fact years later could not pay back the loans.</p><p> </p><p>In summary --the lawsuits on banks --Janet Renos red circling--Clinton's Glass/Steagle--Bush bragging about high numbers of minority homeowners --Government backed loans ---NOW AND ONLY NOW --Wall street bundling and selling derivatives.</p><p> </p><p>I know this is all above your pay grade --no-one said Obama was TOTALLY to blame for the housing failure --nor was Clinton or BUSH ---but even the most uniformed and uneducated can easily see --without GOVERNMENT involvement in the private housing market ----WALL street would have had NO RISKY LOANS TO SELL !!</p><p> </p><p>The GOVERNMENTchicken laid the Golden egg for the greedy Wall Street people to sell . No egg --no sale --no collapse! <img src="/community/styles/default/xenforo/smilies/group2/oops.gif" class="smilie" loading="lazy" alt=":oops:" title="Oops :oops:" data-shortname=":oops:" /></p></blockquote><p></p>
[QUOTE="island1fox, post: 1266003, member: 4816"] rr, Snopes -- You must be kidding ---"Mostly" untrue that the young attorney Was TOTALLY responsible for the Housing collapse. Also the suit was not" REALLY" about people who could not afford to pay the loans back--just about not enough minorities and poor people ---who in fact years later could not pay back the loans. In summary --the lawsuits on banks --Janet Renos red circling--Clinton's Glass/Steagle--Bush bragging about high numbers of minority homeowners --Government backed loans ---NOW AND ONLY NOW --Wall street bundling and selling derivatives. I know this is all above your pay grade --no-one said Obama was TOTALLY to blame for the housing failure --nor was Clinton or BUSH ---but even the most uniformed and uneducated can easily see --without GOVERNMENT involvement in the private housing market ----WALL street would have had NO RISKY LOANS TO SELL !! The GOVERNMENTchicken laid the Golden egg for the greedy Wall Street people to sell . No egg --no sale --no collapse! :oops: [/QUOTE]
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