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[–] Thisismyvoatusername ago 

I agree. I mostly just disagree with the government being involved at all. Without it no bank would have ever made too many bad loans. And also those of us who aren’t credit riskswould be free to get our own personalized loans from banks. In the name of helping people, the government screwed up the entire econ9my. It’s just like health care or college education. The federal government needs to get the fuck out of every nook and cranny of our lives.

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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.