So many "documentaries" keep being made about a very simple fact.
Banks lied for their own greed. The "economists" who lied who CAME from the banks lied to keep up the greed. The government who was filled with the economists who came from the banks lied to keep up the greed.
In the end, the public was sold the BS that every house and every "homeowner" was "entitled" to have a house.
The simple fact and instead of making more of these dumb documentaries that can be summed up in one sentence:
If you can't afford a house because you can't afford the mortgage, don't believe the banks that you can.
The stupidity of the mortgage-back crisis was that the banks and the institutions couldn't keep the sham up longer.
People need to take some responsibility for their willingness to believe that they "deserved" a house.
Greenspan and the rest of his ilk are a bunch of crooks.
Economic "theory" is not really a theory when it's based on greed and keeping the banks propped up.
Banks lied for their own greed. The "economists" who lied who CAME from the banks lied to keep up the greed. The government who was filled with the economists who came from the banks lied to keep up the greed.
In the end, the public was sold the BS that every house and every "homeowner" was "entitled" to have a house.
The simple fact and instead of making more of these dumb documentaries that can be summed up in one sentence:
If you can't afford a house because you can't afford the mortgage, don't believe the banks that you can.
The stupidity of the mortgage-back crisis was that the banks and the institutions couldn't keep the sham up longer.
People need to take some responsibility for their willingness to believe that they "deserved" a house.
Greenspan and the rest of his ilk are a bunch of crooks.
Economic "theory" is not really a theory when it's based on greed and keeping the banks propped up.