Quote Originally Posted by JaggedEdge
No the Federal Government demanding banks give home loans to people who can afford them is the reason. Government control is the problem.
That statement makes no sense at all.

You should do a bit of research and you will realise that the problem with home loans was not because of people who could pay but those who couldn't.

The historical references are there for all to see , the consequences of the wall street crash were tighter regulation, whilst the regulations were in place all was reasonably well.
The relaxing of those rules to stimulate economic growth led to less oversight and the whole circus got out of hand , deregulation of banks leaves them to oversee themselves and they made a complete balls up of it.

FACT ! :thumbsup: