RodT Wrote:
Jan 27, 2013 10:02 AM
The failure of the govt sponsored housing meltdown was paid for by the tax payers, not the bankers that made all the bad decisions. It was a govt dream that everyone own a house, and any banker that wouldn't loan them the money would be destroyed by Washington. So the bankers complied, and when it all went down in flames, Washington rode in with the tax payers money, to save all their banker friends. They call it Freddie & Franny, but it's the tax payers.