It's NOT IRRATIONAL if I provide data which youv'e clearly ignored.
Holders got you and others right where he wants you. Believing some BS liberal Narrative about the "eeebil banks" when there is volumes of data out there that shows they were forced to lower their lending standards under the Clinton regime.
And Obama has doubled down AGAIN on the CRA and now is targeting auto and student loans.
Holder just went after Wells Fargo. Wells Fargo initially refusef to take TARP money. You know why ?
They didin't make loans to poor people with jacked up credit and no work history.
Wake up. You bitch about the banks and Obama but haven't spent 5 seconds researching what caused the banks to lower their standards or Fannie and Freddie to lower their standards in the first place.
You realize that over 2/3 of all low quality, sub-prime alt-a loans was on the books of Government backed or insured entities and Fannie and Freddie owned 65% of it.
6 trillion of GSE debt sits on the Treasuries books, and you blame the banks who were following regulatory controls through the CRA and though HUD.
Irrational my ass. I have supplied pages worth of data to support my claims. Dont let the people who caused the collapse influence your better judgment.