
Originally Posted by
DuncanONeil
"Bush is not responsble for the Sub Prime Crisis, the Banks are,"
Sorry I can not agree that the fault lies with the banks. I must lay the blame on the Democrat Congress that required banks to set aside sound loan practices and lend money to people that were a poor risk for paying the loan off.
Then there are the people that took advantage of attractive rates to refinance their home to put money in their pocket. Being "underwater" in a home is not the same as other things. Underwater in a car you are on the wrong side of a liability. A home is an asset.