Quote: Originally Posted by johnwillyums
Quote: Originally Posted by Bare Foot Kid
"So, I blame capitalism."
We could all become socialists and let the state dictate to us, how's that working out for you in the UK?
It was going okay but this country called America (another capitalist country I believe) kinda messed it up with the sub prime mortgage crisis
I worked in the Mortgage Industry up until the early 90's and when all this started I knew these sub prime mortgages were headed for nothing but trouble.
Lender's were doing what we called then a breath test....If the borrower came in for a loan and there was mist on the mirror, from them breathing, he qualified for a loan.
Then our leader's thought it would be nice for EVERYONE to have a home, whether or not they qualified or could afford one.
So, here we are, in one huge mess of BK's and Foreclosures and wondering how we go there. Duh!