Because Congress mandated that they do so. Big heart + little brain = economic chaos. The concept of MANDATING a bank give out loans to people, without as much as ID or proof of income, is insanity. It is SO insane that one might even begin to think Congress PLANNED this outcome. I wonder why?
ETA: A little background on the mandating thing.
http://mjperry.blogspot.com/2008/09/...of-credit.html







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