the government should require banks, mortgage houses they did not know that people pay to finance?

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It is crazy to think that the same case.If you have bad credit and you knew had a good job in the mortgage banks, which use the price of these people wages.Some the program as an opportunity to make lots of money was and the hell with that on other people, the Cadillac House, that money should have been purchased Pinto better.The no way in hell could not tell the mortgage broker they have a person Sailing home more than they can afford could. Your job is to know crooks did.The they saw a chance to earn lots of money and blaming the government for what is happening next.They knew what was coming and they drink in the Caribbean, and laugh your ass as these loans hit in the face of those who them.There model itself is not possible in hell that the mortgage company’s government more than one person, afford.I house could see on the news about a couple saw their wages would buy the paper work information and saw where someone, so there is more gratifying to see it lender.While guilt almost too much for everyone, the broker Mortgage the biggest crook in this situation.I not know all the crooks mortgage broker changed, but those who are poor need their ass kicked, then think about the prison them.Just if such persons house that their income, we can not in this mess.It was offset sold were $ 200,000.00 + many homes on the market was simply too difficult to pass, pass up an opportunity for the U.S. economy into the ground and are still the rich get richer it. rare and they do not go to jail for that. Only in America? We ENRONED I know some racist mother blaming Democrats and blacks, ub guruy you take the thing and play with him at night?. Brighten it width is sufficient to go with the guilt that I heard the same line of bull before, so I asked the question, how many nuts like you who have been to see. thank you for takin Baite.hey ibu all the people I saw the news was white and running. How do you explain that, if what you say is to guess true.I blacks and Democrats blame the tax cuts for the rich and famous chairs and go to two wars go, I think it is wise to cut taxes and war.With two-front war with an army and people Gotton undermaned.Bush Chaney as a lie that there is a cemetery with them after death.

  1. Reply
    May 3, 2011 at 6:44 am

    NOPE, it was the mortgage brokers and the big banks like Goldman Sachs.

  2. Reply
    Wayne Z
    May 3, 2011 at 7:29 am

    Contrary to what some people believe, neither the Clinton Administration nor the Bush Administration FORCED mortgage companies to do loans that they did not want to do.

    The mortgage companies were driven by one thing: Greed.

    A mortgage person a few years ago told me that he didn’t like dealing with people with good (or great) credit. He said that they were too picky and liked to shop for the best rate. He wanted the bad and fair credit people because they didn’t have a choice on whether or not to accept his offer.

  3. Reply
    ask a question, get an answer
    May 3, 2011 at 8:15 am

    I don’t think the mortgage companies needed any encouragement to authorize those terrible loans.

  4. Reply
    ibu guru
    May 3, 2011 at 9:06 am

    The Clinton Admin & Democrats in Congress put tremendous pressure on banks and mortgage companies to increase lending to “minorities” and “lower income” people. (Read Billy-Boy’s speeches, for pete’s sake — this was little more than a decade ago.) Congress passed the enabling legislation putting Fannie & Freddie on the front lines of easing mortgage requirements. Congress eliminated the Glass-Steagall Act in 1998. Congress enabled bundling and reselling of mortgage-backed paper. None of these things were allowed prior to Clinton Admin!

    Banks start making money. Dems get more votes from blacks & other minorities & push for more lending to the bottom of the pile — including eliminating requirements for SSN to obtain mortgage so that illegal aliens can get mortgages! Of course, they cannot legally work, and can always skip town. But the banks are making money off mortgages so they give in to the Dem Congress.

    Before you start laying blame around, do your homework. The blame needs to be laid squarely on the Clinton Admin and the Dems in Congress. But for their insane actions, this could never have happened. And it was all done over the objections of experienced bankers and economists.

    Of course, once it proved profitable, the unthinking and the unprincipled jumped all over it. Idiots and crooks can always find the best chance to prove they are idiots and/or crooks.

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