Quote Originally Posted by rb336 View Post
ah, another one who buys that oft-disproven [[by conservative economists, no less) idea. It wasn't the loans for people on the low end -- it was the loans to speculators and the jumbo loans that caused the problem, none of which were subsidized
Either way, end those programs. What were Democrats doing creating programs to subsidize speculators anyway? If you are saying the government borrowed money to finance its housing follies, then interest has to be paid on the borrowed Chinese money. The interest paid for borrowed money is a program subsidy.