encantoman (November 30, 1999 at 12:00 am)

sorry for latenessin my comment, BBmyQ, but when I see guys like the former countrywide crew reforming to catch riches on the downside, I cant help but think that when they were 'forced' to lend, it was more of a brer rabbit, 'please dont throw me into that thicket' deal. the bigs needed feedstock of loans, any loan would do, to securitize.

mozilloCEO (November 30, 1999 at 12:00 am)

you know nothing. you're an ant in the afterbirth.

2fuck2shit2 (November 30, 1999 at 12:00 am)

What is the Key disfavors by Having Your Mortgage realmortgagepaid.blogspot. com

high5flyer (November 30, 1999 at 12:00 am)

The problems we are experiencing are not caused by sub-prime. It is a break down in society that is causing this problem! Japan experienced a decade known as the "Lost Decade." Japan is now experiencing two decades of economic turmoil due to this crisis. The 3rd decade is starting for them! We are just starting down a similar path, so how long will our economic problems last? The US will not have a "Lost Decade," but will have a "Lost Generation" due to how in debt young people have become.

kosai19 (November 30, 1999 at 12:00 am)

There won't be a next one.

vinayakaya (November 30, 1999 at 12:00 am)

This problem can't be addressed it can only be endured... However, enduring something like this will be impossible for our economy now that we have allowed the fed to waste the revenue for the next 30 years on failed bail outs.

BBmyQ (November 30, 1999 at 12:00 am)

more false BS--actually ACORN along with congress forced lenders to give credit to people with poor credit--and banks got greedy and did what they asked. That coupled with poor financial awareness of the borrower not reading thier loan documents caused the problem..

MRMILO57 (November 30, 1999 at 12:00 am)

nawkrm ......bud, that's exactly what has been happening in Australia here, in Queensland they were called the 'RENO KINGS'.....they buy a house that needs work, cheap as!... very cheap and tacky fittings and even used secondhand fixtures, sold it at a silly price within 1 to 3 months and people fell for it. Then there are the people with property portfolio's, there to blame as well. From what I am hearing those people are becoming very worried.

nawkrm (November 30, 1999 at 12:00 am)

You're absolutely right. People took out mortgages they knew they couldn't afford simply because they expected to make a quikc profit by flipping the properties. The banks made those loans available, but those greedy flippers are the ones who chose to take a risks.

mannyfeseha (November 30, 1999 at 12:00 am)

thehelpfund.blogspot