Logical Anarchy Today

Logical Anarchy Today Episode 83 - Obama Administration Wants to Lower Lending Standards

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Synopsis

The Obama administration is saying that it want's to get more people into their own homes by lowersing lending standards. They want to lower lending to people that have the same level credit score as before the 2008 crisis. We all know how this ends. Economic crisis and the the free market getting the blame.Obama administration pushes banks to make home loans to people with weaker creditAs consumer credit scores plunged in 2008-2009, lenders raised their standardsDeregulation Caused the Recession of 2008White House Philosophy Stoked Mortgage BonfireThe True Origins of This Financial CrisisTom Woods Liberty ClassroomInterested in Bitcoin as an alternative to US Dollars? Use our Coinbase link!If you sign up with our coinbase link and purchase $100 in bitcoin, you will recieve an extra $10 from coinbase.The "Shift" Bitcoin debit card is through coinbase as well.Support the show by entering Amazon through our link HERE!Support the show with Bitcoin HERE!Use this address to add the Logical Anarchy Today show to yo