Why doesn't this flow originally from the politicians who eagerly fought for lending to folks with lower credit? They were literally sidestepping an entire ratings system already erected to make that decision. Because political winds were clearly headed towards relaxation of regulatory controls, we shouldn't be surprised that people jumped ahead of the curve in an order to capitalize off of this - it's what we do as capitalists. Or do I have my timeline bent to slant against liberal ideology?
What's Congress's solution? More decision-making, of course.
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Why doesn't this flow originally from the politicians who eagerly fought for lending to folks with lower credit? They were literally sidestepping an entire ratings system already erected to make that decision. Because political winds were clearly headed towards relaxation of regulatory controls, we shouldn't be surprised that people jumped ahead of the curve in an order to capitalize off of this - it's what we do as capitalists. Or do I have my timeline bent to slant against liberal ideology? What's Congress's solution? More decision-making, of course.