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Not to get off topic here, but banks were bailed out because they made subprime housing loans that went bad, however it was the government that compelled those
by briandear 8y ago
Not to get off topic here, but banks were bailed out because they made subprime housing loans that went bad, however it was the government that compelled those loans in the first place. By doing what the government demanded (increasing home loans to people who didn’t have the proper credit,) the banks crashed. Government policy and housing “activists” created the housing collapse.
https://fee.org/articles/how-the-federal-government-created-the-subprime-mortgage-crisis/ https://fee.org/articles/how-the-federal-government-created-...