The risky mortgage is making a comeback.

[loves2read]

Originally Posted by adjusterjack

The only thing we learn from history is that we don't learn anything from history.


After the savings and loan debacle of the 1980s, laws were passed, and government swore it could never happen again.


After the collapse of the mid 2000s laws were passed, and government swore it could never happen again.


Well, folks, looks like we're on the way to another debacle, after which laws will be passed and government will swear it could never happen again.

You forgot about the part where the GOP took away part of the laws that were passed to allow shady practices to occur again...