John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Condor who wrote (10353)	10/22/2008 1:59:02 PM
From: Jorj X Mckie	1 Recommendation Read Replies (2) of 33421

Regulatory negligence and predatory lending within that system assured a crisis I'm sure that greedy consumers who took on loans that they had no reason to believe they could pay over the long term had anything to do with it. Lots of people bought million dollar homes on pretty meager (comparatively) income. But it's the big bad lending corporation's fault? ok, ok, I do agree that it is partially the lending corporation/organization's fault...And they should suffer too. Let em go under! But they don't get all the blame.

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