With the “mortgage crises” (in actuality only a very small percent nationwide) talked about endlessly
with plenty of blame to go around, who do you feel is mostly to blame?
In my opinion the order would be:
1) home owner who took out a interest-only loan, two or three mortgages to buy a house they could not afford, people who had poor credit and signed up for a crazy loan with crazy terms.
2) Democratic Party who pushed for lenders to be more lenient so more people could attain “the American dream”
3) The lenders who wrote up the shady loans
what are your thoughts?