AZ Nomad wrote:

On Mon, 22 Jun 2009 13:39:17 -0500, Pete C. wrote:

AZ Nomad wrote:

On Mon, 22 Jun 2009 10:22:13 -0700, Jon Danniken wrote:
Smitty Two wrote:
"Colbyt" wrote:

Actually a lot of them never had "credit". The moronic loan
companies loaned money to people I would not rent to.

And we wonder how the "crisis" came about?

The people with the money demanded more loans to buy. The loan
companies, far from being "moronic," supplied the loans.

More like the guidelines for loaning money for homes were relaxed due to the
incessant whining from groups such as Acorn and idiots such as Ted Kennedy.
You see, to those individuals, it just wasn't "fair" that people who were
too risky to loan money to didn't own their own homes.

That is what started this whole ball rolling.

Bull****. Nobody forced the lenders to make risky loans. They did it
to make a quick buck and to toss the loan like a hot potato.

Perhaps you need to research the various "community reinvestment act"
type laws that forced lenders to lower standards.

Perhaps you need to get your news from sources other than right wing radio
shows.

Funny, the only radio I listen to is NPR. Odd that you should call NPR
right wing.