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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Schnullie who wrote (164827)	11/16/2008 5:29:06 PM
From: Skeeter Bug	Respond to of 306849

agreed - lower income folks, who tend to be minorities and illegal aliens, make up a disproportionate amount of these sub-prime loans in some of the worst offending states - ca, az, florida... that's a given. but they were involved b/c some other interests allowed them to be involved. and no, you can't blame a 30 year old program that worked fine for most of that time. you have to blame the big pool of stupid investment money that was so large, and so stupid, it would invest in a bag of sht... and wall street for creating bags of sht as quickly as they could... the stupid money and crooked wall street folks are the problem here. this is obvious stuff.