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

To: Brumar89 who wrote (423777)	10/8/2008 2:10:26 PM
From: tejek	Read Replies (2) \| Respond to of 1587205

Actually subprime loans were designed to make credit available to redlined borrowers. No they weren't......they were designed to keep the housing boom going. When they ran out of traditional borrowers, they came up with non traditional loans to bring more people into the loop. The mass foreclosures are not occurring mostly in inner cities about in newly minted suburbs like those in the Inland Empire outside of LA. See the post with the vid clip that Chris made yesterday.