Since the bailout will back up companies who engaged in risky lending, what happens to the lendees?
Nanobama asked: Are they going to get to keep their risky mortgaged houses now? What happens to the defaultees?
Could the lending problem actually have been caused to the Clinton administration?
Bob G asked: Is it possible that the haste in making loans available to everyone even unqualified applicants in order to create the illusion of fair lending practices is the actual cause of the lending failure? Clintons administration forced lenders to lower qualifications for loans to allow more loans to be available for minorities. [...]
Who is actually responsible for the subprime lending crisis?
Matthew D asked: Today the band is playing on the deck of our economy, and credit is deadlocked due to sub prime lending.
Is it true that the liberals are responsible, for playing the race card in getting low income persons loans beyond their means?
Or is that just a canard, and are the conservatives actually responsible [...]
What did the democrats do to put us in the subprime lending economical meltdown? ?
Tara for OBAMA! asked: 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!
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