What could go wrong?#BeenThereDoneThat https://t.co/ktbe0pFfSF
— Goldens Rule (@jamesbranch3) April 4, 2016
Does anything about this scenario sound familiar?
Obama administration pushes banks to make home loans to people with weaker credit – more debt, what led to 2008, oy. https://t.co/w70XyCToPS
— Bob Metcalfe (@BobMetcalfe) April 4, 2016
It could be 2008 all over again, except this time the Obama administration reportedly wants to let banks know that they’ll be insured against any risky loans they’re pressured to make:
Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.
That makes it sound like the Obama administration wants banks to know they can have their taxpayer bailouts before a crash occurs, instead of after.
All together now:
@BobMetcalfe @sarahmquinlan @Goldfarb What could possibly go wrong?
— Marshall (@MarshT1103) April 4, 2016
Just great.
https://twitter.com/barnettjmb/status/716938609971093505
Have you lost your damn mind, @POTUS, or do you not understand why the economy crashed in 2008? #EPICFAIL https://t.co/zVFTuK9SeJ
— Sara (@sesiegler) April 4, 2016
Recommended
Oh good https://t.co/qhtVih5yVS
— Stephen Miller (@redsteeze) April 4, 2016
But, but, this is more bank regulation. That fixes everything. Right? https://t.co/wws53Q4yBE
— Talk GOP (@TalkGOPpod) April 4, 2016
https://twitter.com/drewinhawaii/status/716951395476377600
https://twitter.com/cynical_marcos/status/716959901348593664
Unbelievable, did we learn nothing? This what happens when we do not hold People accountable and come up with… https://t.co/ZtFnye48Qw
— Edward Valov (@edwardv46) April 4, 2016
BAHAHAHAHAAAA! OMFG. No, it's not The Onion. https://t.co/sRtbOAufa8
— temple8 (@temple8) April 4, 2016
Unfortunately no, it isn’t.
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