it was lending against insufficient equity or down payment.
I suspect a distinction without a difference. If you lend money to folks who, statistically, are unlikely to pay it back, you'll likely get stiffed. And... that caught Barney's attention!
37 posted on 07/20/2009 2:25:34 PM PDT by April Lexington
(Study the constitution so you know what they are taking away!)
40 posted on 07/20/2009 2:32:32 PM PDT by colorado tanker
("Lastly, I'd like to apologize for America's disproportionate response to Pearl Harbor . . . ")