The fair-lending task force's original policy paper undercuts the notion the financial crisis was all about banker "greed," though it certainly played a role after the fact. Rather, it offers compelling evidence that the crisis evolved chiefly from government mandates and threats to increase lending to applicants who could not afford them.Strangely enough, I remember reading about the study mentioned above way back when. It's nice to have someone other than President Bush to blame. Now, how do we dismantle this group?
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