People have been looking the other way for too long. Many borrowers have been led to believe that lying on their loan applications is ok and brokers have been mis-stating the actual risk to the buyers of those loans.
It was fun while it lasted but the party's over.
I don't think the government should bail out anyone. What they should do is start regulating the entire industry better.
It was fun while it lasted but the party's over.
I don't think the government should bail out anyone. What they should do is start regulating the entire industry better.