The lenders or their agents did a good (bad) selling job to poor people.

Flame » in reply to It wasn't poor people looking for housing who insisted that risk could be magically eliminated from the sub-prime market

Eri — 2/17/2009 6:07:25 PM (archived)

They convinced these people they could afford the loans and the poor people were only too willing to believe because they wanted to own homes. They were exploited.

The whole thread (11 posts)

September 30, 1999..Speaking of President Clinton... - Jody - 2/14/2009 5:34:51 PM
- It wasn't poor people looking for housing who insisted that risk could be magically eliminated from the sub-prime market - z - 2/16/2009 3:39:22 PM
  - The lenders or their agents did a good (bad) selling job to poor people. - Eri - 2/17/2009 6:07:25 PM
  - risk eliminated from the sub-prime market - TB - 2/17/2009 4:33:52 AM
- That, in and of itself, was not a bad thing. - Eri - 2/14/2009 11:50:44 PM
- And after that there were eight years of "Georgie and the Capitalists" plundering in concert. Playing, I mean. - Bowser - 2/14/2009 8:50:47 PM
- Good luck. - TB - 2/14/2009 6:10:20 PM
  - Find one person supporting that meme. Anyone. Even a kook. (n/t) - Tony - 2/17/2009 6:43:53 PM
    - re: Find one person supporting that meme - TB - 2/17/2009 8:33:59 PM
  - Well okay then... - Jody - 2/14/2009 7:49:32 PM
    - Yep. (n/t) - et - 2/18/2009 6:23:22 PM

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