The Cellar  

Go Back   The Cellar > Main > Current Events
FAQ Community Calendar Today's Posts Search

Current Events Help understand the world by talking about things happening in it

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 10-30-2008, 12:30 PM   #11
TheMercenary
“Hypocrisy: prejudice with a halo”
 
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
I put much of the blame on the predatory lending practices by mortgage brokers and banks who bought and sold their paper for mortgages. These practices were set up by the Congress and allowed the middle man to prosper at the expense of the transaction, a lot of people got rich off of these practices and they are gone in thin air. The rest of us are paying for the mistakes. More often I think, unlike your neighbor, many buyers have a huge responsibility for the blame for this as well. They were like deer in the head lights. Staring at something they could never afford, guided by greed, or the attempt to leap ahead, and aided by lack of government regulation and greedy lenders. It's a mess that we still may not recover from. (IMHO)
__________________
Anyone but the this most fuked up President in History in 2012!
TheMercenary is offline   Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 02:56 PM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.