heatlesssun
Extremely [H]
- Joined
- Nov 5, 2005
- Messages
- 44,154
You implied the choices were full regulation or no regulation at all, which isn't the case.
Consider that the state has a mandated inspection program for vehicles. Since this gets the junkwagons that are unsafe off the road I'm all for it. I would not be all for it if the state mandated inspections every 6 months and the inspections were harder to pass each time.
I was simply looking for an example of just ONE regulation that you thought wasn't a corrupt government conspiracy, maybe I missed it earlier, question answered, thanks.
Your kidding right? In 2009 alone 50% of all sub-prime adjustable rate mortgages (ARMs) were in arrears or foreclosure.
http://davidkirkpatrick.wordpress.com/2009/03/06/mortgage-default-rates-stunning/
The banks bundled the loans and got rid of them, they knew the loans were bad.
Yes, this correct but doesn't refute what I said because CRA loans aren't sub-prime, the CRA isn't even mentioned in the article you linked.
I used to deal with bad mortgages for a living by developing decisioning software for dealing with them, I know this stuff VERY WELL.