SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brumar89 who wrote (423777)10/8/2008 2:10:26 PM
From: tejek  Read Replies (2) of 1587370
 
Actually subprime loans were designed to make credit available to redlined borrowers.

No they weren't......they were designed to keep the housing boom going. When they ran out of traditional borrowers, they came up with non traditional loans to bring more people into the loop. The mass foreclosures are not occurring mostly in inner cities about in newly minted suburbs like those in the Inland Empire outside of LA. See the post with the vid clip that Chris made yesterday.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News