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[–] 13652819? 0 points 1 point (+1|-0) ago 

In the name of helping people, the government screwed up the entire econ9my.

Government - Give out loans to people who don't qualify or you will be prosecuted for discriminating against minorities.

Banks give out loans.

Government - Why are there so many bad loans? We just don't understand.

.. A few years later.

Government - Give out loans to people who don't qualify or you will be prosecuted for discriminating against minorities.

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[–] Thisismyvoatusername 0 points 1 point (+1|-0) ago 

That is sugar coating what they did, too. They threatened to sue people who didn’t give bad loans (the stick) and established a government backed insurance market (Freddie Mac and Fanny Mae) which incneitivized peole, to give out bad loans and then sell them (the carrot). There is just no excuse for what the government has done.