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Hortensis

(58,785 posts)

10. Yes. Don't see the "somewhat." The financial industry drove this, assisted

Wed Sep 6, 2017, 07:18 AM

Sep 2017

in a greed that rose to genuinely evil levels by mostly Republican legislators. Who were in turn put in office by business to serve business. Who leave office to join and be part of the wealthy business class.

Whenever conservatives dominate government, they always turn it to prey on the vast monetary resources of the 300M+ American they are betraying. That is always the pattern. Back in 1791, when the conservative label was Federalists and the liberal Democratic Republicans, many, not all on the left, were afraid of hamiltontonianism and opposed the right's attempt to establish a central bank, and right-wing laws, because business partnering with government to prey on the people was already a very old pattern.

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House flippers triggered the US housing market crash, not poor subprime borrowers [View all] mfcorey1 Sep 2017 OP

THIS is what I always thought! flygal Sep 2017 #1

Stream The Big Short Not Ruth Sep 2017 #2

Making money available for loans... Weekend Warrior Sep 2017 #3

I'd argue that the biggest problem.... Adrahil Sep 2017 #16

That is a huge part of what I'm talking about. Weekend Warrior Sep 2017 #17

People were buying multiple houses in new subdivisions Maggiemayhem Sep 2017 #4

I was a real estate appraiser in that era. Interesting, but arguing what "triggered" Hortensis Sep 2017 #5

I would agree....somewhat.... roomtomove Sep 2017 #9

Yes. Don't see the "somewhat." The financial industry drove this, assisted Hortensis Sep 2017 #10

It was all of the above IronLionZion Sep 2017 #6

I tried to tell people this when it was happening. Poor people will eat dirt to pay their mortgage haveahart Sep 2017 #7

Poor people can't afford to lose their home and don't have other options IronLionZion Sep 2017 #13

aka Speculators bucolic_frolic Sep 2017 #8

When I was traveling up and down the Gulf Coast after the BP oil spill in 2010 Dustlawyer Sep 2017 #11

Those waterfront properties might get destroyed by the hurricanes IronLionZion Sep 2017 #14

In 2003, I worked for an attorney whose cousin was one of his main clients. no_hypocrisy Sep 2017 #12

I think this is an oversimplification at best genxlib Sep 2017 #15

This is utter rubbish. Somebody needs to read "The Big Short" longship Sep 2017 #18