Did Governor Mike Rounds cause this entire Home Loan problem, by allowing unregulated Banking in his State ???
Rounds lured Banks into his State by claiming States Rights trumped the SEC regulations.
Rounds aproved Banks having Universal Default
Rounds allowed the highest interest rates ever.
Most of the Old New York Banks Like City and Chase reincorporated under Governor Rounds offerings, to enjoy the freedoms of unregulated Banking
- u_bin_calledLv 71 decade agoFavorite Answer
...it's nice to try to place the blame all in one place....it reduces the need to think and also avoids that whole "personal accountability" thing that so many like to avoid...
...screwing up the economy, like politics, is a collective effort...