SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (533478)11/30/2009 4:02:26 PM
From: tejek  Read Replies (1) | Respond to of 1575386
 
> 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?


Which came first? The chicken or the egg? I doubt you know.