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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (3056)4/28/2010 11:13:22 AM
From: sandeep  Read Replies (2) | Respond to of 222135
 
It is the duty of the lender to make sure that the loan is a good one - for their own benefit. Not for the benefit of the person asking for the loan. They were derelict in their duty - possibly because of congressional pressure. Then they wanted to get the risk off their books. The rest is history.

My point is that NOBODY in a powerful position has the guts to blame the reckless buyers.