Cubicleboy04 (July 29, 2008 at 11:03 pm)

Well, see you on capital hill...

stinkypoon (June 28, 2008 at 5:49 pm)

I swear, if there is a bailout, I'm going to march up to capital hill.

Fredzep2k (April 28, 2008 at 2:04 am)

Stated Income is essential for Self Employed Borrowers. Anyone who understands self employment writes off everything they can and pays themself as little as possible W2 money to minimize taxes. These folks may be more than qualified for X mortgage.

nesnman (April 25, 2008 at 4:06 pm)

People who use subprime loans already are a credit risk. I own both of my homes and I'm doing great. But I keep my cars for at leasts 10 years and I don't have any debt.

nesnman (April 9, 2008 at 12:23 pm)

Do you want a medal for being an a hole? I'm sure you already have plenty.

georgewtwat (April 9, 2008 at 7:01 am)

Do you want a medal?

Nin1963 (April 7, 2008 at 5:05 pm)

Absolutely they both were. And, we have to recognize that a complete hands off of these banks and these new products is a no no. We must have a healthy balance between some regulation (let's face it, if we left every business do whatever the hell they wanted, we would all be dead from toxic air and water) and pro business to support growth. But we MUST have oversight.

JohnR22926 (April 7, 2008 at 4:58 pm)

Fair enough. I don't disagree with any of this. Lets also acknowledge that both Reps and Dems were all in favor of expanding home ownership...for legitimate social and economic reasons. One more example of govt "good intentions" resulting in unintended consequences.

Nin1963 (April 7, 2008 at 2:10 pm)

People on both sides of this need to step up and take responsibility. However, when the feds gave a nod to the risky loans by getting rid of oversight state by state (thanks lending lobby) and targeted low income (who by the way 50% of them would have qual. for FHA loans), the govt providing no regulation at all with these new banking products that were untested, bundling with other investments...it's a mess sponsored in part by Bushco. Fact.

JohnR22926 (April 7, 2008 at 1:20 pm)

"Predatory lenders" is PC lingo designed to put the onus on "the bankers/capitalists". Many banks threw caution to the wind and gave mortgages to people that clearly couldn't afford them in the long run. The banks should suffer the consequences by absorbing the losses. Once burned, twice learned. The people that signed these mortgages were a combination of greedy and stupid. Greedy because they bought more house than they could afford. Stupid because any idiot KNEW rates would eventually go up.