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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (176835)1/13/2009 10:45:19 PM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
>>The spreads on mortgages are ridiculous and these banks should be forced to lend.<<

Umm, not to put too fine a point on it but isn't that precisely how the housing bubble got rolling in earnest? Got ownership society?

If we've learned just one thing from the housing bubble, it should have been that lowering lending standards is not the cornerstone of a prosperous society.
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