Quote:
Originally Posted by MovieMaster
Thats where people get it wrong, its the GOVT regulations that forced these banks and financial institutions to lend to people who shouldn't have got any loans. Its not that they wanted too, anything but.
Community Re-Investment Act
Oversight is whats needed, not regualtions |
Then it's down to the quality of the people in Government.
When the only way to get in power is on your marketing strategy, budget and personalty what do you expect? The law was about getting the poor to vote for you and it failed. All sides are guilty of this because all sides lack real quality and judgment. Plus they are looking to line their own pockets as well.
And I'm not just talking about the US system. It happens elsewhere.