Quote Originally Posted by Parkbandit View Post
I just wanted to make sure we were both on the same page.. that way you couldn't use the old "But I was talking about [insert different loan here]" routine.

So.. we've established that the banks were approving people for loans that the bank knew they couldn't afford and certainly couldn't pay back later on down the road...

Is there some sort of government regulation that was put into place to, oh, I don't know.. maybe purchase these loans and guarantee them?
So your next step is when you declare that the banks and deregulating politicians did nothing wrong and it was just the private citizens and the government. Get back to me when you're done.