they were part of the group that pressured banks and lenders to loan more money to folks that did not qualify. You cant loan 350,000 dollars to someone making 35k a year. They also blocked oversight of the programs that led to the collapse, Fannie and Freddi which by the way was not covered in the fed's overhaul of wall street and lending rules.Don't be fooled by the folks running around yelling "it's the democrats fault ... no it's the republicans fault" The most of the clowns in office now were in office when the trouble started and did little if nothing to stop it. There were attempts by folks to warn us but they were drowned out.I do blame one person for helping get the ball rolling, chuck shumer from new your ( in my opinion ) started the run on IndyMac bank ... you can read about it and make you own conclusion.
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