GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: Kenneth E. Phillipps who wrote (116612)	3/5/2008 2:56:08 PM
From: Bill	Read Replies (2) of 173976

The problem was caused by underwriting standards, not interest rates. No money down mortgages and back end loaded repayment plans, pushed by Democrat lawmakers, extended credit to borrowers who were not credit worthy.

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