To: dynachrome
Not all subprime loans are fraudulent. In fact, most are not.
8 posted on
08/22/2007 1:56:06 PM PDT by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: RockinRight
“most are not.”
Letter of the law, sure, but I think most of the loans were made against sound finacials in the sub prime market. As long as prices were pumped up, no problem. I also wonder how many appraisals were inflated to match the loans.
Any “no income verification” or loan made to illegals is fraud IMHO.
9 posted on
08/22/2007 2:01:52 PM PDT by
dynachrome
(Henry Bowman is right.)
To: RockinRight
In fact, most are not.In fact, the vast majority are not.
11 posted on
08/22/2007 2:07:11 PM PDT by
Petronski
(Why would Romney lie about Ronald Reagan's record?)
To: RockinRight
“sound finacials”
Against sound spellcheck, too! “Financials” of course.
12 posted on
08/22/2007 2:12:45 PM PDT by
dynachrome
(Henry Bowman is right.)
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