Off-Topic: subprime loans--HERE WE GO AGAIN !!!
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Name:
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MartiniMan
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Subject:
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subprime loans--HERE WE GO AGAIN !!!
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Date:
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3/4/2015 8:26:26 AM
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The administration is pushing lenders once again to make more sub prime loans, lower the underwriting standards and dowm payment requirements and force Fannie and Freddie to further distort the markets. This is indeed groundhog day and I for the life of me cannot understand why they want to saddle people with loans they can't repay with even the slightest hiccup and cause another meltdown. The only possible motovation is to artificially drive up home prices or spur demand for new home construction. This is a ponzi scheme that is always doomed to fail....albeit on the next administration's watch. It is really, really sick.
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