Did the Dems not try this before and then it crashed!
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People need to understand the first housing crash was NOT caused by subprime borrowers. That is simply a myth. Most defaults were A credit people buying second, 3rd, 4th homes to flip. When prices fell, they walked away. People did not walk away from their primary residence.
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Hmmm I wonder how this could go wrong
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By allowing mortgages to be packed into CDOs. Don't allow that and make lenders take the entire risk of loans they write and you won't see them chasing increasingly bad requirements until it crashes.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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didn't we do that once before?
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We tried that before and it led to the 2008 crisis
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And the savings and loans scandal in the late 80s
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