Well since liberal government employees forced banks to loan to people that could never afford to make the payments or the balloon payment. Banks would not have normally loaned money to people with no visible means to pay it back. Politicians did this with the intent on giving low income people a nicer place to live instead of one they could afford. And then the banks sold the loans thinking they were going to make money and a snowball started. Also they thought the houses would be sold before the balloon payment came up or refinanced. But Chris Dodd and Barney Frank are just a couple of ones who did this by threatening the banks with regulation. You can blame the politicians or the government for this one.
Re: Federal Reserve makes US Citizens slaves in 20
There is 1 reply to this message
