Does Anyone feel like Bailing

[xoxoxoBruce]

Originally Posted by Yznhymr

I love that email. I got it yesterday. Almost moved me to tears. Sad no one in power (or soon to be in power) have the brains, audacity, or balls to do something like this.

Read it again but this time do the math yourself.

A friend of mine in an investment firm informed me most mortgages given were done because they were "forced" into it because they could not discriminate.

I don't believe that. Either a person is qualified for a mortgage or not. I see the problem as;
1- greedy people trying to make money by turning houses in the bubble, and
2- Greedy lenders talking people into predatory mortgages they didn't understand.