25 people to blame for the Financial Crisis

[Kulindahr]

No, I'm not. You seemed to slough off the mortgage loan issue even though I just pointed out that it was a false assumption by many. That would included the Turret's Troll here that barfs up his damnation of Dodd and Barney Frank everyday.

So if it's not the mortgage loan issue, what "risky loans" are you talking about? Corporate loans? Credit card loans? What? Because I really don't have a clue which "risky loans" you're talking about. One person's "risky" is another man's profit center, and unless I know which type loans you're talking about have no real opinion obviously.

I'm obviously talking ab out the mortgage loan issue -- the loans that politicians leaned on many banks to make more of -- because that's the topic at hand.

Now you claim that mortgage loans weren't a problem in the financial collapse/crisis???? Just because two institutions stuck to sound practices doesn't establish they weren't a problem!

 

[Kulindahr]

So you're claiming politicians pressured private industry banks to make loans? If so which ones?

This is something I learned on JUB, in this forum.

I'm not really hot at searches; the only thing I'm finding in a forum search is some stuff posted by HenryReardon, and that's not what I'm thinking of. I'm finding stuff with google, but none of it names names -- and I have to wade through piles of crap chastising Obama for being more Bush than Bush on the banking situation, and piles of campaign material.

Utterly aside -- did you know there are people who blame the FDIC for the banking crisis?

 

[Kulindahr]

So if such a small portion of sub-prime loans went to first time homeowners, why have the media made such a big deal over new homeowners losing their homes?

 

[Kulindahr]

I guess what I was really wondering was what about all the people with second or third mortgages who are losing their homes? Apparently they constitute the great majority of foreclosures and walk-aways.