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RMK
GlenEllynite
Posted
This must be the fault of those unqualified borrowers who had no business trying to buy a home.


"A great many people think they are thinking when they are merely rearranging their prejudices."
William James
 
Posts: 1529 | Registered: February 17, 2007Report This Post
Fish
GlenEllynite
Picture of Fish
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No, protecting the uneducated from themselves is the big brother solution to a different problem. This is fraud. They both cost us money, but the problems are otherwise not related.


What part of "no" don't you understand?
 
Posts: 1909 | Registered: February 10, 2005Report This Post
RMK
GlenEllynite
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Sarcasm police. Paging the sarcasm police. Why so serious?


"A great many people think they are thinking when they are merely rearranging their prejudices."
William James
 
Posts: 1529 | Registered: February 17, 2007Report This Post
Fish
GlenEllynite
Picture of Fish
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I wasn't sure you had the sarcasm gene. Wink


What part of "no" don't you understand?
 
Posts: 1909 | Registered: February 10, 2005Report This Post
middlein87
GlenEllynite
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What's that definition of insanity again? Doing the same thing over and over and expecting different results?

quote:
In a letter to the CEO's of both companies, Representatives Barney Frank, the chairman of the House Financial Services Committee, and Anthony Weiner warned that a 70 percent sales threshold "may be too onerous" and could lead condo buyers to shun new developments, according to the paper.

The legislators asked the companies to "make appropriate adjustments" to their underwriting standards for condos, the paper added.
 
Posts: 1957 | Location: Posh YMCA District | Registered: June 04, 2003Report This Post
middlein87
GlenEllynite
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But aren't new condo developments inherently more risky than other developments? Shouldn't the bar be set higher?
 
Posts: 1957 | Location: Posh YMCA District | Registered: June 04, 2003Report This Post
DTM
GlenEllynite
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quote:
Originally posted by ronkas:
This must be the fault of those unqualified borrowers who had no business trying to buy a home.


I was leaning towards a conspiracy by the hot dog and gelato people on this one...


It's the spending, Stupid!
 
Posts: 2261 | Registered: January 08, 2005Report This Post
Fish
GlenEllynite
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Does it really matter if government or capital make the decisions? In either case it's you and I who bail them out.


What part of "no" don't you understand?
 
Posts: 1909 | Registered: February 10, 2005Report This Post
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