Stefan MolyneuxVerified account

cocktail of factors really, makes quite the

1998 or 99, Clinton forced changes to banking laws that had been around almost 100 years which prevented unhealthy lending to open the floodgates for unqualified borrowers to be able to take on debt beyond their ability to pay. And it began, the fall of our economy was ensured.

Greed is the reason you do not loan money to those who cannot repay. This notion is not complicated.

For the record. The Community Reinvestment Act was signed by Carter.

Are you saying the business cycle isn’t real? Seriously? Recessions are a natural result - especially when in a hyper leveraged environment.

Is that what the S in S-Corp stands for?

They got greedier, and lost all sense of any of obligations to the people who buy their stuff or services. Thank you Milton Friedman.

The large middle class was only intended to be temporary. Returning to the owner servant classes with the tiny skilled class at the apex of poverty.

Glass-stegall......

*cough* Community Reinvestment Act