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Politics : MITT ROMNEY
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To: Shoot1st who wrote (1804)2/14/2008 3:24:33 PM
From: Augustus Gloop  Read Replies (2) of 5586
 
I still maintain the liability is with those who approved the loans. Rates got so low that as you said - people wanted as much home as they could get. Its not all that dissimilar from leasing a car. People don't qualify to buy the cool car they want so they turn to that teaser lease rate. Now, there are some legitimate reasons to lease a car as a business but my belief is that you NEVER lease what you can't afford to buy
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