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Old 09-27-2008, 08:55 AM  
nation-x
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What about the subprime mortagages... who were they given to? According to the Wall Street Journal as much as 60% of these loans were given to people who qualified for prime mortgages. WSJ speculates that alot of these loans were given to speculators...

I am not saying that Democrats didn't have anything to do with it... because they created the conditions that allowed the Bush Administration to actually cause this problem when they raised the cap on leveraging to 40X from 10X.

So... let's keep it real... everyone shares in the blame...

Last edited by nation-x; 09-27-2008 at 08:56 AM..
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