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Message
3
Posted on 3/4/19 at 10:16 pm to timdonaghyswhistle
quote:FIFY
Banks did exactly what they were FORCED TO do, which is finance anyone who could sign for it. Barney Frank was in charge of oversight at the time.
I used to be involved in the crap and took part in keeping the FDIC auditors at bay from the bank I worked for at the time. You either made the loans the auditors who came in and reviewed and EVERY single loan app denial said to make, or they fined the bank into insolvency. The worst loans we were forced to make I finagled Freddie or Fannie or FHA or VA to insure to keep us solvent.
Like all forms of Socialism, it was forced upon the unwilling.
Posted on 3/5/19 at 1:57 am to timdonaghyswhistle
Uh, banks could have done anything they wanted to. They were greedy and used shite business practices. If anyone "told" them anything, they were undet no obligation to do anything other than what they wanted to do.
Posted on 3/7/19 at 1:28 pm to timdonaghyswhistle
quote:
Banks did exactly what they were told do, which is finance anyone who could sign for it.
Under threat of sanction by the Clinton/Reno Justice Department.
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