[Homestead] Morning musing
Gene GeRue
genegerue at ruralize.com
Thu Sep 20 18:27:32 EDT 2007
On Sep 20, 2007, at 6:02 PM, Lynda wrote:
> Weeelllll, are you talking about the consumer or the loan agents?
> Because I
> would disagree if you are talking about the consumer. Sheople, yes,
> deserving of bankruptsy and foreclosure simply due to their
> training via
> public schools sheoplism, no.
Consumers made dumb decisions. They were encouraged to do so by
hungry loan agents. Loan agents were encouraged to make no-doc and no-
down loans by greedy lenders. Those secondary market purchasers they
sold the loans to were mostly, I think, ignorant.
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