From what I understand, fines were imposed to banks that didn't have a minimum # of these sub-prime loans and faced severe additional penalties.Charles L. Cotton wrote:I do wish I had links to the articles. I'm not sure I agree with the argument that banks were forced to make risky loans, but I certainly haven't read all of the bills and regulations on this topic. That's why I'd love to see the articles. Not one reporter or commentator that I have seen has said this, not even on Fox.TexasAggie wrote:I had to hit the pause button several times so I could read the articles. Rush has been talking about all of this for several days, so this was very interesting to see.
Chas.
Not to mention the threat of Sharpton and his PR destruction machine (this one is MY opinion only
).