Upside Down Mortgage

The Subprime Market

Question: What did the democrats do to put us in the subprime lending economical meltdown? ?

Im a democrat. Voting for Obama.

I want to be knowledgable on this topic and know the facts. Who mainly contributed to our current economic situation via the subprime lending market? Please be concise!

Thanks to everyone! Please dont be rude!

<3

Answer: Maybe it's me, but nowhere did I see where it forced banks into doing anything they didn't want to do. I believe the word used was spur, as in hoping to spur banks, that doesn't sound like forced to me. That article is also offensive where it tries to put the blame of the backs of blacks. Many of the highest rates of foreclosure have been in the wealthy end, people with second 'vacation' homes.

One other little fact. Congress when this was passed, was held by republicans. Greed by the wealthy got us to where we are today, period.

The Subprime Morals of The Free Market Mind

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