Quote Originally Posted by Lyle View Post
The plain version of Carter's Act didn't cause all of this by itself but it lead to the end result....when the Clinton's wanted to penalize banks for NOT giving out more sub-prime loans COULD have something to do with how things got out of hand
Again, Bill Clinton and Jimmy Carter have nothing to do with the subprime meltdown. Clinton or Carter did not force one single unregulated loan to be made. Neither do Fannie or Freddie have any blame in this. The entire mess was caused by the GOP abandoning oversight and regulation of the mortgage and financial industries from 2002 onwards. Every loan that went bad was a loan made after 2002 with zero regulation.