[DB]

Somehow a significant number people seemed to believe that home equity loans were free money... A big, big mistake... I still can’t understand that mindset...

[sickoflibs]

Interesting, using the house as a credit card with tax deduction. The liberal argument is that money went to pay for expensive medicine.

[Oatka]

What's most interesting for me is that 55% of the subprimes were Cash-Out Refinances.

Thanks for posting this. Will use it in some future arguments.

More and more, I'm getting the feeling that the Bailout Boys are trying to stampede Congress and the taxpayers with their end-of-the-world scenarios. And yes, I recognize that subprimes are the least of the problem, but that 55% is an interesting point.

[iopscusa]

WOW, good work, the cash out refi was another anomaly that borders on stupid...why do we need to support this?

[ScareyFast63]

Aww fellas—give those pesks DIMORATS a break. They were just trying to fly the bailout by the legislature quickly so they could BUY a few votes. I mean, comeon fellas, the DIMORATS HAD GOOD INTENTIONS and after all, that has to count for something; he said with tounge in cheek.

[djf]

Damn!!

Lost another one to Ditech!!

[Atlas Sneezed]

One friend who used to be in the foreclosure investment market said that invariably, foreclosures were filthy, and had big-screen TVs.

Stupid people will do stupid things, as long as irresponsible banks under the gun of racial political correctness let them.