Were it true that lenders "wanted to make those loans" there would have been no need for legislation to require lenders to grant loans to those they had determined were high risk! Because it happened after said legislation has no bearing on how it came about!

Your choice to refuse to consider the underlying legislation is troubling. Seems as if you, like others, are inclined to demonize a specific entity for some specific purpose.

The head of GMAC (controlled by the Government) received a compensation package exactly the same as, I believe, head of Smith Varney. Yet The head of Smith Varney was excoriated for his salary. Not one word about the head of GMAC, even though it is hemoraging money in the smae fashion!

Quote Originally Posted by SadisticNature View Post
You categorically refuse to consider the fact that the institutions that failed were trying to make more of these high risk lousy loans to the point where they were lobbying to have lending limits repealed.

You blame government for businesses making bad loans when the entirety of the evidence on record says those businesses wanted to make those loans, to the point of spending $300 million on lobbying to repeal regulations preventing them from making risky loans.

I've also addressed the evidence you and others have presented on this point repeatedly. The only categorical denial occurring here is the one you are making.