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View Diary: The "Save Every Zygote" crowd will be very upset (28 comments)

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  •  I do think the opening of the markets for the (0+ / 0-)

    mortgage packages at the very end of the Clinton run which in turn created the opportunity for the Wall Street crowd to do things they had not been able to do before, had a good bit to do with it, because that was what created the demand for volumes of mortgages, any mortgages, which had not been there before.

    •  Completely agree... (0+ / 0-)

      it created a seemingly endless supply of mortgage capital chasing mortgages...so in order to feed that demand...there was only one way to do it...lower standards and create mortgages that were risky and high up-front profitability (high fees) to compensate for the increased risk...

      Increased supply of mortage capital would not have been so damaging if underwriting standards were maintained...

      Obama - Change I still believe in

      by dvogel001 on Wed Jul 21, 2010 at 10:09:58 AM PDT

      [ Parent ]

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