how did we get to the place where a 700 billion dollar bailout by the taxpayer is necessary (and unfortunately, not enough to fix the problem)? How indeed?
for your edification on this matter
[youtube=http://www.youtube.com/watch?v=FewmvkaTXHU&hl=en&fs=1]
as jim geraghty says, subprime lending wasn’t ever a good idea. It was merely a good intention. When it came to liberals in 1995, those intentions were enough. Now we pay the price and will continue to do so for generations to come. Were those good intentions worth it?