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My thanks to John Fortune & John Bird for demystifying the subprime crisis and putting it into layman’s terms we can all understand.
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Go HERE for the article.
What a mess we have gotten ourselves into. In the end, will the responsible people with good credit ratings, who make their mortgage payments on time every month, end up subsidizing the subprime borrowers who borrowed more than they should for houses they could not afford in the first place? IT’S CRAZY!
I believe that if they investigated these loans they would find so many instances of fraud by both lenders and borrowers that our prison system couldn’t hold them all!
We are seeing greed and financial irresponsibility at every level in this country. IT”S SCARY!!!
© Randy “Lazarus” McAtee
Owner / Broker Lazarus Realty
559-301-1647
lazarusrealty@gmail.com
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