|
Re: Holy Hell...470,000 job loss in June, national 9.5%
Quote:
Originally Posted by Doctor Who
Meh. Maybe. It's more of the banks, at the behest of the govt, relaxed their underwriting standards in order to give low income families the ability to buy a new home. Many paid on time...enough didn't.
|
Yes. They relax lending procedures and then don't even bother enforcing contract law. Of course you'll have many people borrowing with no intention to repay.
|