Message from @☦ Slouch ☦
Discord ID: 500771571137249281
google.com "government regulation market crash 2007"
>4:45 on the East coast
Normie lives in the wrong timezone
maybe I want an early dinner mord
I skipped lunch
nigger
Why, that is not epic
how are you gonna bloatmaxxx if you skip lunch
FUCK
Watch my fortnite stream
its so epic
FUCK YOU
Shut up centrist
irix you better be typing up an entire fucking essay
@irix hey can you explain to me why people make arguments when they don't even know if their own position is true without googling it
this stream is so good
This is gonna be Normie
t
t
full grammar
>except
<:brainlet:404155381359706132>
mord do you like carnivore
So So
More DM shills
I swear if this nigga don't write up at least 4 paragraphs im gonna be pissed
I love this song
TO RID THE EARTH OF ABOMINATION I PROCLAIM MY NOMINATION AS THE THERMOUCLEAR WARRIOR
The demand for subprime loans influenced and enforced by govt via Clinton's polities (referenced above) rocketed during '01, which increased around nearly two-hundred and five percent, coupled with Fannie and Freddie's need to meet govt. quotas as they bought from other mortgage originators -- loans having to be made to those below the median income relative to their residing communities; this enforced quote had doubled up until '07. Wallison does a good job of explaining the crisis:
`It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs [i.e., Fannie Mac, Freddie Mac] bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies—all under congressional and HUD pressure—followed suit.`
SSSSSSSSSSSSSSSSS
Spilled
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Oh so you just copy and pasted from an article
Yeah ignore the SSSSSS
only 2 paragraphs
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and now talk about the other half of the cause