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Time for the Government to Start Playing Fair
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<blockquote data-quote="unionman" data-source="post: 717991" data-attributes="member: 21107"><p>There is no argument here. The collapse was not caused by the Government wanting to help low income people get into affordable housing. It was caused by greedy banks like Goldman Sachs creating securities to sell, and because of that nobody cared who got a loan because they would bundle them up and sell them as securities.You could be working at Sam's club and qualify for a 150,000 loan. This created house prices to go up unrealistically and then the bubble burst.</p></blockquote><p></p>
[QUOTE="unionman, post: 717991, member: 21107"] There is no argument here. The collapse was not caused by the Government wanting to help low income people get into affordable housing. It was caused by greedy banks like Goldman Sachs creating securities to sell, and because of that nobody cared who got a loan because they would bundle them up and sell them as securities.You could be working at Sam's club and qualify for a 150,000 loan. This created house prices to go up unrealistically and then the bubble burst. [/QUOTE]
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