Sunday, August 07, 2005

It's just sad.

It just makes you feel sorry for young people who are desparate to "own" a home. On the other hand, the professionals who are part of the feeding frenzy should go to jail. Any mortgage originator/underwriter who approves these types of loans should be fired, fined and prosecuted. Loose lending standards and low interest rates are the only "fundamentals" driving this titanic now.


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