Indeependent
Diamond Member
- Nov 19, 2013
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90+% of Sub-Prime loans when to people earning too much or too little money and living in upper middle class or extremely wealthy areas.Once again, 90+% of these Loans were ILLEGAL, not just bad practice.
The government supplied software appropriately rejected these applications which were then Rubber Stamped.
It’s beyond me that you are allowing your ideology to deny facts.
I’m a member of the Tribe so I am well aware of thousands of my fellow Tribesmen who received these Loans and invested them in the “Sky Is The Limit” Stock Market.
There were Foreclosure signs across the US in very wealthy areas.
You can post all the FoxNews Links you want to, but these Loans were ILLEGAL.
Let's see, I have posted reliable sources and facts along with working links supporting my information.
You, on the other hand, have posted your opinion with nothing supporting your OPINION.
You go, guy!
Who Was to Blame for the Subprime Crisis?
From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.
www.investopedia.com
Like I have to spoon feed you?