Originally Posted by
Yakman
what i find the most funny is how people can believe that the government can pass laws forcing banks to give sub-prime mortgages.
could you explain to me exactly how someone would enforce that law? how can you force someone to sell something.
you can easily force someone to not sell something, but not the other way around.
so you think a lawyer is going to go up to a bank and say "John Smith came in last week asking for a loan, you guys turned him down, IM SUEING!"
also, you assume banks are powerless to stop it!
banks have massive lobby groups, they would never allow such a law to be passed that goes against their interests so badly.