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ImBillCurtis on scored.co
12 days ago1 point(+0/-0/+1Score on mirror)
Remember in 2008 how everyone knew that they gave loans to people that couldn’t pay them back? But the banks were pretty much legally forced to thanks to the CRA? And then the result was mass foreclosure on said homes? And then the banks had to go through a dog and pony show, pre-planned “senate hearing” where congress passed the blame and your tax dollars to those banks? And then the banks became the largest realtors in the world? And then they leveraged those assets to purchase more assets with your own taxes?