JoeSpareBedroom wrote:
"D.Duck" wrote in message
...
"HK" wrote in message
...
http://tinyurl.com/2cqv7t
In my mind a lot of the blame for the home mortgage crisis belongs
squarely on the shoulders of those that received the loans.

In their quest to get into a home they failed to analyze what could/would
happen when the inevitable rate changes came along.

That doesn't excuse the lenders. "There's a sucker born every minute".



A female companion of mine wanted buy a house together a few years back. She
kept looking at houses in a ridiculously high price range. I pointed out
that if either of us lost our job, we'd be in trouble almost instantly with
the price range she was focused on. She said "Oh come on. How likely is
that?" Two weeks later, she lost her job. Gamblers shouldn't buy houses.



There are problems rampant in all sectors of the home mortgage business,
and most of them predate the current crisis. Some of them have to do
with the tax laws.


--
George W. Bush - Worst President Ever, to the very last minute of the
very last day of his term.