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“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.”
#16
mattkime wrote:
who has a greater share of the blame - wall st. fat cats that declared themselves geniuses when the market was up? or joe average mortgage buyer that has no particular training in finance?

51% for the fat cats and 49% for Joe average. No wait, reverse that.

Anyways, you make it sound like not having "training" in finances absolves a consumer from having to make decisions within their budgets.
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Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-22-2008, 03:19 AM

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