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To: Phantom Lord
So right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money to poor people.

BS ALERT!!!! It was not the "poor." It was the greedy and people who had no hope to pay these mortgages. There are alot of "rich" people in that category...

5 posted on 09/06/2007 7:51:15 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana
I did subprime mortgages for 10 years, ending 1.5 years ago.

I can count the number of "rich" people I did these mortgage for on one hand.

6 posted on 09/06/2007 7:53:11 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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