We agree that bank deregulation caused problems such as non enfrocement of the Glass Steagall act. However banks were not forced to give out loans to unqualified people. They were forced to no longer turn down loans because of location and race if the other qualifications were met. When I first started talking about mortgage assistance I thought you were talking about some form of payment to people that help with mortgage that I did not know about.

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The stock market crash followed by the depression were significant events that shaped the world. Unfortunately, politicians have forgotten the events that lead to the cash and loosened some of the controls. Well, easy credit lead to the housing boom and ultimate bust.


Again I agree big time. This is one of the reasons the Glass Steagall act was started back then.

Last edited by Tag; 09/24/12 12:41 PM.
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