[–] Thisismyvoatusername 0 points 1 point 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.