Now we know why nobody wanted to loan money to these "red-lined" areas! Ergo, too many loans, as required by Congress under penalty of law, were made to too many people that couldn't pay them back, and didn't, which the lenders knew beforehand, but were forced to do it! Hahaha! Thanks, Mr. Sowell! I never put that two and two together before!
Now that I think about it, it's the same thing that happened to health care; the cost has run to back-breaking levels because the government demanded that healthcare providers provide first-class services to anybody who asked for them, whether they could (or would) pay for them or not, and the providers just added it to the bill of those who paid for their healthcare! Hahaha!
Congress (except Ron Paul), having done sufficient damage for the time being, has mercifully adjourned for five weeks - leaving us to ponder why we should allow them to return in September.
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