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  newsquew1 year, 5 months ago

  This article is get the bad guys while enabling victim mentality. Major points are missing in this report.

  -Where were the 640 housing coalition groups when these pratices were knowingly going on. That's an avg of 13/state. This meeting should have been to reflect on their own innefectiveness & failure in allowing their constituients to be "victimized"

  -Non traditional mortages are for the "unlendable" They are higher risk & for obvious reasons

  -Hillary's a little late. The market is already correcting as it always does

  -not all subprime borrowers are poor

  -personal greed of borrowers wanting more than they could afford is unaddressed.

  -personal responsibility of ones own economic actions/decisions is unaddressed

  The Govt is a major player in getting $ into the hands of people who are high risk borrowers. Fannie Mae & Freddie Macs have put taxpayer @ risk to cover $2.5 Trillion (as of 2003) Govt $ infusion has inflated the housing market

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