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You really need to define "poor" here. Poor people did NOT take out million dollar mortgages even between the years of 2004 to 2008 in the US. Please stop the
by 01Michael10 11y ago
You really need to define "poor" here. Poor people did NOT take out million dollar mortgages even between the years of 2004 to 2008 in the US.
Please stop the ridiculousness of blaming "poor" people for the recent housing collapse.
- zardo 11y agoI didn't lay any blame. But people got in way way over their heads with banks happy to make giant loans with no reason to care if it could be paid back. http://thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money http://thisamericanlife.org/radio-archives/episode/355/the-g...
- 01Michael10 11y agoI agree with that but you implied poor people were talking out million dollar house loans.
- spacecowboy_lon 11y agoSome one had to take out those NINJA loans it takes two to tango.
- 01Michael10 11y agoYep... It was "poor", middle class, and rich people who took out those loans.