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


To: tejek who wrote (533460)11/30/2009 3:59:18 PM
From: i-node  Read Replies (1) | Respond to of 1575148
 
>> Most of the homes were owned by slum landlords.

Right. On top of the borrowers not being qualified, the collateral wasn't any good.

Why would anyone lend to people who don't make any money for the purpose of buying property which isn't even good collateral?

>>> Big fat white Rs living in their lily white suburbs didn't want to dirty their hands with such loans.

LOL. I've got news for you. Big fat lily white Ds don't want bad loans, either.

>>> I have forgotten more about real estate than you ever knew.

Right. An unemployed school teacher. LOL.