1 Comments
- EverythingWhere, on 09/22/2008, -0/+0This is the best explaination I've read on why banks would knowingly do something which is bad for their bottom line.
digg
Facebook Connect Join Digg About Login- Technology more
- World & Business more
- Science more
- Gaming more
- Lifestyle more
- Entertainment more
- Sports more
- Offbeat more
The real story behind the subprime crisis.
villagevoice.com — Greed doesn't explain why in the world would banks give out bad loans. Bad loans are bad business. Former HUD secretary Anderw Cuomo made Fannie Mae and Freddie Mac buy up subprime loans for "social justice" reasons to expand home ownership. The Bush administration continued the policy so they could brag about home ownership rates.
- 5 diggs
- digg
What is Digg?
Digg is a place for people to discover and share content from anywhere on the web. Digg surfaces the best stuff as submitted and voted on by the community. Take the Tour to learn more.
Top in Business & Finance
- Site Links
- Home
- Take a Tour
- Search Digg
- Digg Mobile
- RSS Feeds
- Popular Archive
- All About Digg
- About Us
- Contact Us
- Community Guidelines
- The Digg Blog
- Digg Townhalls & Meetups
- Jobs at Digg
- Advertise on Digg
- Diggnation Podcast
- Digg Store
- Get hats, shirts, hoodies, stickers, and more at the Digg Store.
- Digg Dialogg!
- Digg Dialogg lets you choose the questions.
- Digg Meetups & Townhalls
-
Digg is coming to a city (and computer) near you! Check out all the details on our Meetups & Townhall Webcasts.
Townhall Webcast - May 19, 2009
Seattle Meetup - May 21, 2009
New York City Meetup - June 4, 2009
Townhall Webcast - August 13, 2009
More Dates TBA
© Digg Inc. 2009
— Content created and posted by Digg users is dedicated to the public domain | Terms of Use Updated | Privacy Policy
DIGG, DIGG IT, DUGG, DIGG THIS, Digg graphics, logos, designs, page headers, button icons, scripts, and other service names are the trademarks of Digg Inc.