To: Graybeard58
Maybe these folks didn't understand the language of those "fast-talking mortgage brokers."
MSM shure jumped on subprime demanding laws and regulations be passed right now!!
To: 100-Fold_Return
Many of the now beleagured home buyers the agency sees were conned into buying homes they could not afford
Ah yes they were "victims".
Gag me.
3 posted on
03/15/2007 1:09:59 AM PDT by
Kozak
(Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
To: 100-Fold_Return
In the 1980s we, in Texas and the southwest, had a similar system with savings and loan companies - does anyone remember the Keating 5? These loans companies made plenty of bad loans and plenty of big name people went to jail and dozens of banks went bust - 6 with over a billion in assets. The system kept up and was bailed out and the beat goes on. Someone will be buying some cheap homes and later they will sell them for a huge profit.
55 posted on
03/15/2007 7:40:59 AM PDT by
q_an_a
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson