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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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<blockquote data-quote="Klaus" data-source="post: 16890590" data-attributes="member: 190070"><p>It was in fact regulations that drove loan origination. Do some Google fu on Bill Clinton's home ownership strategy of 1998. </p><p></p><p>Essentially originators were compelled to lend to those that would not otherwise qualify as part of a federal govt mandated effort to increase home ownership. </p><p></p><p>Ultimately it meant a lot of people got loans that shouldn't have. Low rates in the early 2000s put this into hyperdrive.</p><p></p><p>it is not the sole cause. There is plenty of blame to go around. Originators certainly deserve a good amount of the blame. </p><p></p><p>but the initial catalyst was in fact regulation.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16890590, member: 190070"] It was in fact regulations that drove loan origination. Do some Google fu on Bill Clinton's home ownership strategy of 1998. Essentially originators were compelled to lend to those that would not otherwise qualify as part of a federal govt mandated effort to increase home ownership. Ultimately it meant a lot of people got loans that shouldn't have. Low rates in the early 2000s put this into hyperdrive. it is not the sole cause. There is plenty of blame to go around. Originators certainly deserve a good amount of the blame. but the initial catalyst was in fact regulation. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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