Originally Posted by
tomkins
And none of this would have been a problem ,if the Bankers hadnt scr__wd up and BA were still making a nice big profit.
You really should do some research on this subject...
It is fairly complicated but that whole thing started with the obligation to US mortgage lenders to start lending money to people who could not afford it by the Clinton Administration. Unavoidable. The problem is that Americans loan more money than they save (in short).