On Fri, 01 Aug 2008 14:50:25 -0400, Goomba >
wrote:

>sf wrote:
>
>>> What *exactly* did Bush have to do with mortgages again? The way I see
>>> it half the people having mortgage problems were people who overbought
>>> assuming they were going to make a killing when they flipped the house.
>>> Housing prices readjusted (look at California who led that trend) in
>>> many areas because they were just insanely overpriced. There were also
>>> certainly mortgage lenders who got sloppy and allowed unqualified people
>>> buy more home they couldn't afford which I can find fault with. Yet
>>> somehow I don't see how Bush (or Clinton before) as being responsible?
>>
>> They did nothing to stop predatory lending practices even though it
>> was obviously a train wreck waiting to happen.
>>
>And did these predatory practices start in 2000, or perhaps, before?
>And how much responsibility did the borrowers hold here? Were they all
>helpless, clueless victims?

So, you want to play Blame the Victim?


--
I never worry about diets. The only carrots that interest me are the number of carats in a diamond.

Mae West