June 7, 2010
Instead of saving the banks and financial institutions by buying up all this bad debt, and effectively making the individual home owner pay TWICE for his or her mortgage (once for the note, and once for the tax burden from the $700B package), should we not just absolve the lender of the debt. Step 1: [...]
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May 7, 2010
The real estate / housing debacle along with the U.S. credit crunch right now is blamed in part on the folks who started pressuring banks to make loans that the banks sensed might fall into trouble (sub-prime mortgages) because the borrowers were borrowing too much relative to their income, had bad credit, or were buying [...]
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