On Wed, 30 Jan 2008 08:49:05 -0500, D.Duck wrote:

"HK" wrote in message
...
http://tinyurl.com/2cqv7t

In my mind a lot of the blame for the home mortgage crisis belongs
squarely on the shoulders of those that received the loans.

True, but I'm a little more sympathetic to the homeowners as they aren't
the professionals in the relationship. I also have no sympathy for the
professionals if there was fraud involved.

http://news.bbc.co.uk/2/hi/business/7216602.stm

Greed does funny things. In this case, it could take down the world's
economy.



In their quest to get into a home they failed to analyze what
could/would happen when the inevitable rate changes came along.

That doesn't excuse the lenders. "There's a sucker born every minute".

wrote in message
...
On Wed, 30 Jan 2008 08:49:05 -0500, D.Duck wrote:

"HK" wrote in message
...
http://tinyurl.com/2cqv7t

In my mind a lot of the blame for the home mortgage crisis belongs
squarely on the shoulders of those that received the loans.

True, but I'm a little more sympathetic to the homeowners as they aren't
the professionals in the relationship. I also have no sympathy for the
professionals if there was fraud involved.

http://news.bbc.co.uk/2/hi/business/7216602.stm

Greed does funny things. In this case, it could take down the world's
economy.



In their quest to get into a home they failed to analyze what
could/would happen when the inevitable rate changes came along.

That doesn't excuse the lenders. "There's a sucker born every minute".



There are only about 100,000 of these on the internet(s):
http://www.betterbudgeting.com/budgetformsfree.htm