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Politics : MITT ROMNEY -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (1771)2/14/2008 1:05:29 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 5586
 
<<They went into it knowing they couldn't pay it back and didn't care.>>

Maybe that's true but then its up to the banks to do their due diligence and say NO rather than blindly extend credit to a borrower that is getting in over their head. This is totally and completely sloppy lending practices.



To: sandintoes who wrote (1771)2/14/2008 7:43:44 PM
From: Ann Corrigan  Read Replies (1) | Respond to of 5586
 
It's my understanding Congress is to blame. They relaxed the banking laws in order to make it possible for "everyone" to buy a house. That's what triggered the housing bubble.


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