Government Did Not Require Reckless Lending
Don't Believe the Revisionist History Once upon a time, the lending industry was the loudest cheerleader in the subprime lending game, and there were no referees to stop the action. Now industry claims the government made them make millions of reckless mortgages. In fact, today's financial meltdown began with reckless subprime lending that was driven by Wall Street's desire for high-interest loans. Wall Street demanded the loosest underwriting and most dangerous loan products in mortgage history, and there was no will in Washington to stop them. To get the real facts, check out these sources...