Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

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.