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“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.”
#29
Lux Interior wrote:
[quote=mikeylikesit]
Why is that?

It seems that for some "personal responsibility" begins and ends with the poor schlub who isn't bilking the system for billions.
You mean the poor schlub who put no money down and then walked away from his loan? Many of these poor schlubs were also trying to bilk the system by buying the house with no money down and then planning to flip it when the price artificially went up because of all this irrational lending and buying.

There is enough blame to go around for everyone on this deal.
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Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by rgG - 09-22-2008, 02:02 PM

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