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To: Sir Francis Dashwood
It is not so much the borrowers as it is the brokers

Let's say you went to a car dealership looking for an affordable sedan and the 'finance' guy got you into a Cadillac Escalade for the same payment. Would you drive it off the lot? He's working on commission, btw.

What's missing is a reverse-commission, where if the loan goes sour, you pay the lender back the fee you were paid to create it. That would put an end a lot of this.

What other business can you screw-up and pass it on to someone else without any accountability? (government doesn't count- it's a given)

67 posted on 02/22/2008 6:33:35 PM PST by budwiesest (I want change,too. More socialism isn't change. More freedom is.)
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To: budwiesest

Yep, you do get it...

That is exactly the type of thing I am talking about.


68 posted on 02/22/2008 7:27:11 PM PST by Sir Francis Dashwood (LET'S ROLL!)
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