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Old 06-02-2009, 04:30 PM
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Default Did government have anything to do with the...

...Mortgage mess? Everyone knows that Wallstreet knew the mortgages were predatory loans to ensure big profits. Do you believe government went along with it to boast short-TERM construction, GDP, jobs and political stability? Is there enough potential GDP in America today to sustain our standard of living and political stability?
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Old 06-02-2009, 05:47 PM
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In a sense, the government had established a policy of affordable home ownership and that encouraged mortgage brokers and financial institutions to develop products that enabled people who previously could not qualify for mortgages to easily obtain one.
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