Off-Topic: Sub-prime
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Name:   MAJ USA RET The author of this post is registered as a member - Email Member
Subject:   Sub-prime
Date:   12/5/2009 10:59:18 AM

"...The no-reguletion (sic) crowd gave the banks and money centers the "freedom" to do what they did but in the final analysis it was they what done it."

Archie, please explain the sub-prime mortgage system. Why and how did such imbecility get started? Was it over-regulation to boost affirmative action? Who was instituting home ownership as a new entitlement? Whose idea was it?

Did the banks suddenly jump up and say, “Hey, let’s lend money to unqualified folks for houses they can’t afford.”

When the obvious danger of this debacle came to light, who warned the Legislature of the impending failure of this program? How was the warning received? How was the warning acted upon?
Other messages in this thread:View Entire Thread
Job News for November - MartiniMan - 12/4/2009 1:57:38 PM
     Job News for Nov is less bad - architect - 12/4/2009 3:37:48 PM
          Job News for Nov is less bad - MartiniMan - 12/4/2009 4:23:01 PM
          Job News for Nov is less bad - water_watcher - 12/4/2009 5:59:04 PM
               BTW Archie - water_watcher - 12/4/2009 6:03:40 PM
               Pray tell WW - architect - 12/4/2009 7:43:25 PM
                    BTW WW - architect - 12/4/2009 8:39:04 PM
                         Job News for Nov is less bad - GoneFishin - 12/4/2009 9:45:43 PM
                              Job News for Nov is less bad - MartiniMan - 12/5/2009 9:52:17 AM
                         BTW WW - water_watcher - 12/5/2009 7:45:42 AM
                    Pray tell WW - water_watcher - 12/5/2009 7:49:06 AM
                    Tell you what Archie ... - water_watcher - 12/5/2009 7:57:19 AM
                         Tell you what Archie ... - architect - 12/5/2009 8:55:03 AM
                         Tell you what Archie ... - architect - 12/5/2009 8:55:04 AM
                         Tell you what Archie ... - architect - 12/5/2009 8:55:04 AM
                         Tell you what Archie ... - architect - 12/5/2009 8:55:05 AM
                         Tell you what Archie ... - architect - 12/5/2009 8:55:05 AM
                              Tell you what Archie ... - architect - 12/5/2009 9:11:51 AM
                                   Sub-prime - MAJ USA RET - 12/5/2009 10:59:18 AM
                                   Wrong as always - MartiniMan - 12/6/2009 1:08:24 PM


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