re: #412 BryanS

But they were sued into making subprime loans (a la citibank). No, the Dems didn’t invent the instruments, but they made quotas for subprime loans. The mortgage backed securities was the method banks developed to unload the loans they didn’t want to make. Once they realized they could make beaucoup bucks doing that, they were off to the races.

You might want to check that first statement. Not true. Banks were sued for denying loans to otherwise qualified black applicants equivalent to similar white applicants who got loans. Big difference.

Link:

answers.yahoo.com