[El Conservador]

I wouldn't lend these people (FICO<500) money to buy a Tootsie roll, yet these mortgage companies did so.

[M. Espinola]

Note the date of the linked news below.

Home Equity Lending Abuses in the Subprime Mortgage Industry. March 16th, 1998

"The subprime mortgage market has flourished because such lending has been profitable.."

The problem is the entire nation will have to pay.