immigrant Wrote:
Jun 27, 2012 8:24 AM
The way to hell is paved with the good intentions of the democrats. But the increased "access" by the less than worthy black borrowers was a relatively small problem. It took the wall street MBAs to cook up the complicated financial instruments and created a market for the buying and selling of those ill understood subprime mortgages and credit swaps which got all the banks and speculators into the game and created the huge lending bubble. Bad policy magnified 100 times by unbridled wall street greed = disaster.