Quote: The banks, stuck with the worthless paper, bundled and resold as much of it as they could. They had obligations to their shareholders to try and do so.
Obligations? WTF are you babbling about, coke? Banks have no obligations to do anything (except prepare some annual report); they chose to do what they did and the public is paying for it.
Quote: Also, Dems had lowered lending requirements for mortgages that taxpayer backed Fannie Mae and Freddie Mac would buy.
So you mean that the US already had a government-owned bank before Obama got elected? The US already were well on their way to a socialist state, even before Obama came along.
Another genius - lol!!! FYI: Fannie/Freddie are not banks. And banks that are part of publicly traded corps DO have a fiduciary obligation to shareholders.
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