Quote:
Originally Posted by sheltiedave
Where oh where did I say that borrowers were victims? The borrowers were dupes, blinded by a rising bubble and dreams that owning a house would change their nebulous financial status, foisted by bank loan officers, who knew to the last nickel that their loans were toxic. As long as they could move the bad debt, however, they did not care. And trust me, any loan officer who had a finance degree, or five years of banking experience, knew these were bad debts the moment the bubble burst.
My wife worked at a bank for seven years, and we were amazed that banks would eagerly make loans with zero down. WTF was this, a liberal plot to make banks crash? Had every conservative Republican banker fled the industry following deregulation? When did Barbara Boxer and the Clintons join the banking ranks?
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Never said you said, just that it is a narrative of the left.
Here is something you can read if you wish that explains the evolution.
http://www.businessinsider.com/the-c...s-guide-2009-6