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What Caused the Financial Meltdown?
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<blockquote data-quote="UPS Lifer" data-source="post: 401023" data-attributes="member: 9789"><p><strong>Anon</strong></p><p></p><p>This is the only time I will say this because you are anon for a reason! The original line comes up as anonymous coward. I rest my case!</p><p></p><p><strong>HELLO read the first line of my post I prefaced this. I said the problem lies on both sides of the isle!!! But it started in the '90's!</strong></p><p></p><p>I don't listen and never have listened to Rush Limbaugh or subscribe to anything he says, He is to far to the right for me! So if he said this than he agrees with me, not the other way around!!! All I know about Rush is that he had an addiction to prescription medication!</p><p></p><p>Some folks <span style="color: Red">unfortunately</span> just can't afford home ownership and <strong>the loan process should not be compromised</strong> to give these unqualified people a loan that has a high risk factor of never being paid back forcing a foreclosure. </p><p></p><p>I believe in affordable housing but even then, there are people who will not be able to afford that! Unfortunately these folks will be renters. You can not give people loans who can't afford to pay them back. </p><p></p><p><strong>YOU - give me a break!</strong> LOL! - If you had $50,000 to front a loan to someone and this was money you counted on for your retirement would you loan that $50 K to someone who had a high probability of not paying it back? ??? </p><p></p><p>If you say yes - I would submit that you are not telling the truth! </p><p>Please answer that one!!!</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 401023, member: 9789"] [B]Anon[/B] This is the only time I will say this because you are anon for a reason! The original line comes up as anonymous coward. I rest my case! [B]HELLO read the first line of my post I prefaced this. I said the problem lies on both sides of the isle!!! But it started in the '90's![/B] I don't listen and never have listened to Rush Limbaugh or subscribe to anything he says, He is to far to the right for me! So if he said this than he agrees with me, not the other way around!!! All I know about Rush is that he had an addiction to prescription medication! Some folks [COLOR="Red"]unfortunately[/COLOR] just can't afford home ownership and [B]the loan process should not be compromised[/B] to give these unqualified people a loan that has a high risk factor of never being paid back forcing a foreclosure. I believe in affordable housing but even then, there are people who will not be able to afford that! Unfortunately these folks will be renters. You can not give people loans who can't afford to pay them back. [B]YOU - give me a break![/B] LOL! - If you had $50,000 to front a loan to someone and this was money you counted on for your retirement would you loan that $50 K to someone who had a high probability of not paying it back? ??? If you say yes - I would submit that you are not telling the truth! Please answer that one!!! [/QUOTE]
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