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To: Philly Nomad

So my friends are liars and I don’t read articles I ping you to.

Boy oh boy am I glad I’m not married to you.


30 posted on 06/20/2008 7:09:15 AM PDT by ladyjane
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To: ladyjane

you and me both.

The real problem behind the sub-prime meltdown was the passing off of risk to the least knowledgeable participants - the borrowers and the investors.

Loans originating from Mortgage brokers and bought and repackaged by banks never counted in the CRA’s tally.

So your shyster friends who were processing no-doc loans they knew the customer could never pay back are the real criminals in this situation, they are just trying to pass the blame onto black people.


31 posted on 06/20/2008 11:20:21 AM PDT by Philly Nomad
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