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Old 12-17-2007   #3 (permalink)
Rasczak
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Default Re: Your solution to the subprime mortage problem?

If they - the lenders end up getting pinched even more than they are by enduring all these forclosures, I'm pretty sure in the near future only those with pristine credit will have any chance of being able to take out a mortgage. And the same people who are fleecing the lenders now and calling them predatory, will be griping about them not giving "the poor working class folks" a chance to buy a house tomorrow.

These lenders deserve what they get if they gave out loans to people they shouldn't have - that was a gamble too, but they should have to be penalized even more.
Eric
"For whoever habitually suppresses the truth in the interests of tact will produce a deformity from the womb of his thought." -Sir Basil H. Liddel-Hart
"How do you tell a Communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin."—Ronald Reagan

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