You are very right. As a Progressive, I have been disgusted at people's devotion to the Democrats despite their failure to stand up for the poor for over 30 years now. Simply voting Democrat as a panacea to bad financial policy is indulging in a fantasy. Many candidates of both major parties receive huge donations from the financial industry. How can anyone expect them NOT to serve their paymasters first? Thanks for reminding us of this.
Good review. I've been wanting to watch this. I actually used to be in mortgage lending... boy do I have some stories.
I dosagree that monorities were specifically targeted. Most searches were run on FICO scores. Under 680 and you were a subprime customer and were targeted. If there was any derogatory info (e.g., collections) you were a target. There's plenty of blame to go around though.
The reviewer tendency is to blame the Republicans however the Democrats are just as complicit.
[1] This crisis has been 35 years in the making and the rollback in regulation started with Jimmy Carter deregulation of trucking and the airlines
[2] President Clinton repealed welfare -- vital assistence and signed the repeal of Glass/Steagel regulations.
[3] The Democratic Congress during the Reagan years reduced the top tax rate from 70% down to 28%
Both parties screwed the working class.
wilsonbarber 2 years ago
You are very right. As a Progressive, I have been disgusted at people's devotion to the Democrats despite their failure to stand up for the poor for over 30 years now. Simply voting Democrat as a panacea to bad financial policy is indulging in a fantasy. Many candidates of both major parties receive huge donations from the financial industry. How can anyone expect them NOT to serve their paymasters first? Thanks for reminding us of this.
hollywoodartchick 2 years ago
Great review Jon!
RamblinManFilms 2 years ago 2
You truly are awesome, Kim.
Kloxboy 2 years ago 3
Good review. I've been wanting to watch this. I actually used to be in mortgage lending... boy do I have some stories.
I dosagree that monorities were specifically targeted. Most searches were run on FICO scores. Under 680 and you were a subprime customer and were targeted. If there was any derogatory info (e.g., collections) you were a target. There's plenty of blame to go around though.
YOURGODISNOWHERE 2 years ago