[org.whodat]

BS, lending was fine and the foreclosure rate stayed almost flat lined, for years, loans started to go bad when fools thought they could flip a house every six months and get rich. Then lobbyist convinced everyone that there was nothing wrong with interest only and balloon payments, without credit checks and jobs., and before you knew it a people making 20 grand a year were buying million dollar homes. Never mind they could not pay the power bill, did not matter the loan was sold and insured, no way to lose and the home would be worth 1.5 million next year. Do it again; that was what the lenders were screaming.

[oldbill]

You are falling for the media-establishment line if you think house flippers caused the subprime collapse. That was their cover story to mask the real story about how democrat/RINO/WSJ/ChamberofCommerce wanted illegal immigration to be kept out of the discussion when it came to subprime mortgage collapse. See Post 31.

[RockinRight]

Yes, that all happened...but what started that ball rolling was this bill.