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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (116612)3/5/2008 2:56:08 PM
From: Bill  Read Replies (2) | Respond to of 173976
 
The problem was caused by underwriting standards, not interest rates.

No money down mortgages and back end loaded repayment plans, pushed by Democrat lawmakers, extended credit to borrowers who were not credit worthy.



To: Kenneth E. Phillipps who wrote (116612)3/5/2008 3:09:18 PM
From: HPilot  Read Replies (1) | Respond to of 173976
 
There was no problem that developed, Quit reading the Communist Manifesto and put on your thinking cap. Sorry forgot you sit on it.