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B I O B....blame it on Bush...
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<blockquote data-quote="Babagounj" data-source="post: 868173" data-attributes="member: 12952"><p>your hindsight about those affected negatively by the housing bubble, which everyone involved in it up to the moment it broke said that no housing bubble existed, is laughable.</p><p>you can thank ACCORN and their counterparts for insisting that banks loan money, with FM&FM backing, to ever person who applied, including illegals.</p><p>house flipping was encouraged, with no improvements made to the properties, many times within a same family.</p><p>some very foolish people actually bought properties which they knew up front that they could not afford other really foolish people bought properties that they know that they could afford and today see their investments declining in value.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 868173, member: 12952"] your hindsight about those affected negatively by the housing bubble, which everyone involved in it up to the moment it broke said that no housing bubble existed, is laughable. you can thank ACCORN and their counterparts for insisting that banks loan money, with FM&FM backing, to ever person who applied, including illegals. house flipping was encouraged, with no improvements made to the properties, many times within a same family. some very foolish people actually bought properties which they knew up front that they could not afford other really foolish people bought properties that they know that they could afford and today see their investments declining in value. [/QUOTE]
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