scam... Start Peddling Faster!
The gubment mandates that banks loan to unqualified customers. The risk to the banks is eliminated by the gubment controlled secondary markets.
The banks get fat. The secondary market beneficiaries get fat. The gubment officials get fat and a continued supply of voters.
Since you cannot repeal the laws of proper finance, the whole system falls apart. The gubment then blames the banks with the result being billions of what is a really a tax going to the treasury for the continuance of the money laundering scam.
The losers? The economy, the share holders, those duped who lost their homes (which they were never qualified for).
The winners? The gubment, the banks, Franklin Delano Raines and all of his friends.
Posting ID: 4152854917