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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (327266)	2/26/2007 2:10:49 AM
From: tejek	Respond to of 1578161

The subprime borrower is the one who would be hurt the most if gas and heating oil prices went up further," said Jim Awad, chairman of Awad Asset Management in New York. The subprime borrower is already in trouble. It slays me......I thought they got rid of the subprime lenders back in the '90s. Its a scam......these lenders put people get into houses and mortgages that are second rate and that they can't afford. This happens every housing cycle. Eventually they are foreclosed upon and the lenders sells the houses to someone who can really afford thet, promising to stay out of the subprime lending in the future. That promise lasts about 5 years max and they are back at it.