Never blame the booster for what the sucker does.
In thirty-five years, I never saw anyone sign loan documents with their eyes closed.
Never saw some dude sitting behind a desk reach into his pocket and pull out 3,000 one hundred dollar bills either.
Damn easy to give away money that’s not yours, ain’t it?
Blame Greenspan. He killed the stock market in late 90s by raising interest rates too high, too fast, then turned on a dime and lowered them to next to nothing, encouraging hyper-inflation in housing prices.
What's your opinion of the Partnership for Prosperity agreement (with Mexico) & the New Alliance Task Force?
What effect has both of these had on the mortgage loan industry?