Originally Posted by secretsexyninja
-start rant -
i certainly HOPE the govt doesnt get invovled. SHAME on the govt for getting involved w banking. banks took high risks and lost. (well the govt FORCED them to approve high risk loans for poorer people). All this coulda been avoided if the GOVT didnt stick its face in everyone's business. another perfect example... ETHANOL. we now have a food crisis for "bio"fuels that burn LESS effeciently on the "global warming" scam.
the internet companies will figure a way to deal with it. they always do. Those that dont will suffer and collapse. Good ridance.
How does the government force banks to approve high risk loans for poor people? There are certain programs that banks get funding from the govt for, for those loans but they're not forced on any banks. Banks also take higher risk loans because the margin for profit is higher. Talk on what you know, not what you've heard.