Name:	lucky67 -	Reply
Subject:	subprime loans--HERE WE GO AGAIN !!!
Date:	3/3/2015 6:06:34 PM

A SUPER SIZE MEGA MERGER ON WALL STREET HAS JUST CREATED THE LARGEST SUBPRIME LENDER EVER--THEIR LOANS AVERAGE 27%-WHERE ARE THE REGULATORS ???????????????

Name:	Talullahhound -	Reply
Subject:	subprime loans--HERE WE GO AGAIN !!!
Date:	3/3/2015 9:50:27 PM

I thought we were against any kind of regulator that restricted commerce?  Subprime loans were too lucrative for lenders to think they had gone forever.  And people are too stupid to realize that their sub-prime loans are not to their advantage. 

Name:	MrHodja -	Reply
Subject:	subprime loans--HERE WE GO AGAIN !!!
Date:	3/3/2015 10:09:36 PM

Dang, Hound, did you take classes from that Obamacare guy?

Name:	Talullahhound -	Reply
Subject:	subprime loans--HERE WE GO AGAIN !!!
Date:	3/3/2015 11:01:51 PM

No.  I just hear everyone here constantly complaining about regulations hampering free commerce.  We all know sub-prime is a bad thing, but how do you control it without regulation?  Obviously the lenders are not going to self regulate.  It sucks and it will have the same disasterous result as it did before. 

Name:	MartiniMan -	Reply
Subject:	subprime loans--HERE WE GO AGAIN !!!
Date:	3/4/2015 8:26:26 AM

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.

Name:	MartiniMan -	Reply
Subject:	Lack of regulation didn't cause the meltdown
Date:	3/4/2015 12:30:06 PM

It is undeniable that what caused the metldown is the government distortion of the free markets.  CRA, Fannie, Freddie and the Justice Dept are responsible for this distortion.  If you think subprime lenders would willfully loan to lousy borrowers without that safety valve of govenrment intervention you would be mistaken.  They do so because they can bundle all these subprime loans and sell them to government agencies that want to promote these kinds of loans.  That greedy and not so greedy lenders jump on the bandwagon is a result of the distortion and not the cause.  They are simply responding to the government.  

Name:	Talullahhound -	Reply
Subject:	Lack of regulation didn't cause the meltdown
Date:	3/5/2015 6:18:23 PM

I don't agree with you on this point.  Yes, the last Administration pushed the home ownership as a right message and encouraged liberal lending; however, greedy lenders padded the applications to qualify those who were not otherwise qualified. Wall Street pushed the lenders to come up with lucrative, but questional bundles to peddle to investors and to pad their bottom line.  Yes, I think that lenders would make questionable loans... the increase in housing values was just a side benefit.