Not at all, the opposite. Govt pushed bad mortgages.

Aug 13, 2016
7:42:00pm

Cougarrrs Walk-on

Yes they could have regulated the junk securities better, but that would have resulted in fewer junk mortgages, which were their idea in the first place.

This message has been modified

Originally posted on Aug 13, 2016 at 7:42:00pm

Message modified by Cougarrrs on Aug 13, 2016 at 11:13:25pm

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Cougarrrs

Bio page: Cougarrrs
Joined: Sep 29, 2014
Last login: Oct 25, 2016
Total posts: 6,307 (16 FO)

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Messages

Author

Time

POLL: Was 'Deregulation' a major contributor to the financial crisis in 2009?

conetah

8/13/16 5:36pm

One contributor among many

ColoSpgs

8/13/16 5:41pm

What was deregulated?

Thrill

8/13/16 6:20pm

Derivatives.

conetah

8/13/16 6:35pm

It was both deregulation, but mixed with government interfering pushing loans to

4mack

8/13/16 5:41pm

and by that do you mean Greenspan keeping interest rates low?

conetah

8/13/16 6:36pm

It's a complex issue: From Wikipedia

4mack

8/13/16 6:45pm

Not at all, the opposite. Govt pushed bad mortgages.

Cougarrrs

8/13/16 7:42pm

I don't understand your point.

conetah

8/13/16 9:19pm

The government created the environment, that's the root of the problem.

Cougarrrs

8/13/16 11:10pm

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