"Dave" wrote in message
...
On Tue, 16 Sep 2008 16:00:44 -0700, Gordon said:

So
credit requirements were loosened and loosened by our illustrious
govmint so ALL could buy houses. So much for socialism.

Give the man an E for effort. The gummint doesn't set credit requirements
for mortgagors, Gordon. Mortgage lenders and those to whom they sell the
mortgages set those requirements.


Therefore, according to Dave, we should remove even more regulation! I get
it!

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"j" ganz @@
www.sailnow.com