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  1. #15
    Ultimate Member tibilicus's Avatar
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    Default Re: "Brown, hanged and flogged"

    Quote Originally Posted by Fragony View Post
    Why? Clinton actually, banks actually do not like lending money to people who can't pay it back.

    http://en.wikipedia.org/wiki/Community_Reinvestment_Act
    Bushy hardly did a great job of regulating it though did he? He was the one who also stood by and did nothing whilst the sub prime housing market went to the wall.

    To be honest if we actually tried to regulate our markets and make sure the banks weren't so careless with who they lend money to we could of probably avoided this. Of course this is hard to do when you have some loonies who think regulation is socialism..
    Last edited by tibilicus; 01-22-2009 at 14:41.


    "A lamb goes to the slaughter but a man, he knows when to walk away."

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