The banks wont make bad loans, so the govt will have to. This is how the last crash happened. Fan/Fred/FHA vastly expanded their programs by congressional mandate in 1993 spearheaded by none other than Dodd-Frank, the chairmen of their respective Ways and Means, and Banking committees. The TBTF banks are much larger now than before the Crash. They are not in the mortgage business (except for luxury jumbo loans), out of student lending, declining credit card and basic checking and savings accounts, and barely do any commercial lending. What business are the TBTF banks in exactly? marketwatch/story/when-the-next-housing-bust-hits-blame-the-bankers-2014-09-04?dist=lcountdown
Posted on: Thu, 04 Sep 2014 15:03:01 +0000
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