Schiff Rayps Congress

2 posts

Bronze Age Pervert

I think Peter fumbled the question regarding whether or not private financing would come to (return) to the mortgage market. He tried to explain theoretically how it would, and he was correct. But he could have just said "because that's how it's worked for the past 300 years" and left it at that. This panel assumes that since now the government is involved with other 90% of mortgages that the government has always been involved in 90% of mortgages. They can't even look back 15 years.