Does Anyone feel like Bailing

Originally Posted by classicman

...It seems as though subprime is less the issue than credit score

....To say that none of these banks were forced/coerced/encouraged to lend to more people seems unbelievable to me.....

You cant separate the sub prime from credit scores since most with bad credit became the market for the un (under) regulated sub prime lenders during the post-2000 housing boom...and most were with an adjusted rate.

I would agree with encouraged...but certainly not forced or coerced.

And again, it still ignores the question of the necessity (or not) of better regulation of both the lender and borrower.