Skip to Content.
Sympa Menu

homestead - Re: [Homestead] Morning musing

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Morning musing
  • Date: Thu, 20 Sep 2007 17:27:32 -0500


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.





Archive powered by MHonArc 2.6.24.

Top of Page