Comment

Comment by mscarborough

Making the subprime loans in the first place doesn't necessitate packing them into opaque financial instruments and going bananas with the wildly over-leveraged profit-seeking.

Financial firms has been making tons of money during decades of increasing wealth inequality. Sure, let's talk about these congressional acts, but not going to put a lot of blame on relatively small programs that required these firms to throw back some scraps.

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton