To: ladyjane
"There is considerable discussion by incoming House Finance Committee Chairman Barney Frank [D-Mass.] to enact a predatory lending law for these mortgage lending problems, If there wasn't a subprime market there would be screaming about how the underprivileged can't get loans.
46 posted on
12/20/2006 8:59:47 AM PST by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
Subprime loans do, and should, have a place.
I will concede that they've gotten way TOO lax in their guidelines though.
49 posted on
12/20/2006 9:06:52 AM PST by
RockinRight
(Barack Hussein Obama, Jr. He's a Socialist. And unqualified.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson