It was a well discussed fact for a number of years, that terrible loans were being freely handed out to any one buying a house/condo flippers etc. And while a few spoke out against the practice our leaders looked the other way. Maybe because they were getting the same loans. Now they want to do something about it. It reminds me of the Savings and Loan crisis a few decades back. My how time flies. One of the regualtors wanted to step in an slow down/stop the bad practices, but the something five/Keating/ McCain stopped them and a year later the system failed. Oh well, expect more governament rules, more bail outs and in another decade, more of the same
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It reminds me of the Savings and Loan crisis a few decades back. My how time flies. One of the regualtors wanted to step in an slow down/stop the bad practices, but the something five/Keating/ McCain stopped them and a year later the system failed. Oh well, expect more governament rules, more bail outs and in another decade, more of the same