To: Jim Noble
The point is, there was a reason in THE MARKET (remember the market? You know, that thinks conservatives are supposed to believe in?) that such loans existed and for a long time, they did just fine.
As with anything, such privileges were abused. Undocumented does NOT mean illegal immigrants in this case (it can, but that's a different problem)...and that's what I think half the posters here are not realizing.
posted on 07/28/2007 7:47:12 AM PDT
(Fred Thompson once set fire to a crowd of liberals simply by smoking a cigar and looking upon them)
there was a reason in THE MARKET... that such loans existed and for a long time
No, there was a reason that loansharking was illegal, and for a long time.
No doc loans have NOT existed for a long time.
posted on 07/28/2007 8:38:11 AM PDT
by Jim Noble
(Trails of troubles, roads of battle, paths of victory we shall walk.)
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