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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (80508)7/15/2008 7:13:28 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Hmmm, got it...<g>

GZ



To: Real Man who wrote (80508)7/15/2008 7:58:44 AM
From: saveslivesbyday  Read Replies (2) | Respond to of 94695
 
Re: "sir Alan to blame"

20% down and income verification for a home mortgage would have prevented the bulk of the current problems

I know that's a bold statement, but as I think about it, much of the world's bad debt/credit is related
to giving mortgages to people who couldn't otherwise afford them.

In other words, loaning money to people who couldn't pay it back.

Who said home ownership was a right, not a privelege?

Bush wanted to nationalize home ownership, now instead we will nationalize the resulting bad debt

(sorry for the duplicate post on RE board)