Re: Re: Looking back

#114285
GarySFBCN
Participant

1. It was actually not deregulation but regulation from the governments “Freddy Mac and Fanny Ass” that basicly totally destroyed all sense of rating risk that brought on the sub-prime crisis. The government basicly said to all other banks and lenders that lending to people that couldn’t pay was a good thing.

That is a ridiculous statement and it is not the cause of the problems.

It is typical of libertarians and “anti-government” folks to over-simplify or mischaracterize issues for the sake of their ideologies.