role

doing a paper on the US government role in the current mortgage/housing meltdown?

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Question by Tim6298: doing a paper on the US government role in the current mortgage/housing meltdown?
What points should I try to make? Any good articles, or websites?
Anything that will list policies that were put in place but the governement that led to the current housing crisis, and policies that will get us out of it

Best answer:

Answer by stephen sexton
Accually goverment caused the melt down in the first place. During the Clinton years they said lenders need to lower their regulations so lower income people could get loans for homes. People they wouldn’t have lended to before. Then as time went on more and more lower income people could get bigger and bigger loans and then could’nt pay them back. Now your want goverment to fix the problem they created. Interesting.

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Q&A: Did the housing slump or oil prices play a greater role in causing the recession?

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Question by chacalaka: Did the housing slump or oil prices play a greater role in causing the recession?
How does the rise in unemployment and the state of other economies in the world contribute?

Best answer:

Answer by oldtimer
The United States Congress bears the biggest burden of the recession. Regulation and legislation forcing mortgage companies to loan money to people with no hope of being able to afford the homes, making it mandatory to loan to anyone considered a minority whether they were credit worthy or not.
Two names are at the root: Chris Dodd and Barney Frank.
The very temporary oil price spike should again be lain at the feet of our congress. Were they halfway competent and knew anything about trade and commerce, drilling in the “US would have prevented the runup.

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