Obama says lack of regulation caused mortgage crisis, the truth is BAD regulation caused it. Regulation REQUIRED banks to lend money to people who could not pay it back. Do you understand now how liberalism is killing America?
by 
Cowboy-Matter of Fact
ANSWERS: 3
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Can you give an example/evidence of regulation that required banks to lend money to people who could not pay it back? That would be really interesting, and would strengthen the point you want to put across. If you're saying that legislation was passed demanding that banks loan money knowing the recipient of the loan will default, I'd really like some more info, as this sounds like the politics of the madhouse. If such a thing did happen, then the question would be who put the legislation there? If you can identify that group then I'd say go nowhere near them politically for the forseeable future.
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WOW!! What a fascinating video you suggested; I thought I should post it for consideration. Thanks Boss; something to chew on and think about for sure! :0)
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I will not answer your question as it lacks absolute knowledge. If you wish to correct your lack of knowledge please go to the enclosed link and watch the videos by Paul Krugman- 2008 Economics Nobel Prize winner and one of Americas finest minds. The videos are in an answer under my question. http://www.answerbag.com/q_view/1024583
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