JoB
kootch..
our government didn’t promote lending money at the highest return possible to the brokers and lending institutions and then turn around and package loans they knew they wouldn’t be holding the paper on when they failed as secure investments…
our financial institutions did that.
did the government change the laws that once kept that from happening. Yup, they did.
You can thank a republican congress for that even though you blame the democratic president who signed the law they crafted…
but our government did not require those financial institutions to abuse the latitude they were given.. they did that all by themselves because it was profitable.
they are still doing it because it is profitable.. and will continue to do so until laws are passed that prevent them or until they are all thrown in jail.
personally, i would like to see those who have profited the most prosecuted for the fraud they perpetrated.
I think a few of the largest profiteers losing the fruits of their criminal enterprises just might be the example it would take to make those who are still intentionally defrauding others question whether or not the personal risk is worth their ill-gotten gains.