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Reply #15: In poor areas, predatory loans were as high as sixty percent [View All]

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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 06:21 PM
Response to Reply #14
15. In poor areas, predatory loans were as high as sixty percent
Edited on Sun Mar-16-08 06:26 PM by Robbien
While in richer middle class areas, less than 10% were predatory loans. The poor, the aged, the minorities got hurt and hurt bad.

Predators knew who to prey upon and had a feast. But still you sit there and look down your nose, not at the Predators but at the Preyed Upon.

Your attitude of superiority is disturbing. But since it the the same attitude GOPers, Chambers of Commerce and our media elite engage in, you have many very questionable people who share your scorn of the Preyed Upon.
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  -Fed Must Buy Securities to Halt Crisis, Cambiar's Barish Says NeoConsSuck  Mar-16-08 05:04 PM   #0 
  - Well if they are going to buy crap from  fasttense   Mar-16-08 05:13 PM   #1 
  - Once they buy the crappy homes, what do they do with them?  dkf   Mar-16-08 05:18 PM   #2 
  - Thats the ticket blame the people these PARASITIC financial companies steered into bad financial  Vincardog   Mar-16-08 05:36 PM   #3 
  - I have been waiting to buy a house because I know how much  dkf   Mar-16-08 05:42 PM   #4 
  - It depends on which financial institution you are talking about. Someone made money when they  Vincardog   Mar-16-08 05:50 PM   #8 
  - Well the US hardly manufactures stuff anymore, only financial products.  dkf   Mar-16-08 05:55 PM   #10 
     - That trend was also foisted upon us by the very financial institutions you are defending.  Vincardog   Mar-16-08 05:57 PM   #11 
        - Oh, I'm not defending financial institutions.  dkf   Mar-16-08 06:08 PM   #13 
  - I used to ask friends and family who could afford these three hundred thousand dollar homes.  sarcasmo   Mar-16-08 07:17 PM   #24 
  - oh dear -- you've ingested some bad information  nashville_brook   Mar-16-08 07:31 PM   #26 
  - That's been my concern for years, now.  krkaufman   Mar-17-08 05:44 PM   #29 
  - Victims?  PSPS   Mar-16-08 08:19 PM   #27 
  - Reports shows that three out of four loans were pushed on borrowers by fraudulent predators  Robbien   Mar-16-08 05:43 PM   #5 
     - Just because someone offers you a loan doesn't mean you should take it.  dkf   Mar-16-08 05:47 PM   #7 
        - When everyone in the closing meeting is lying to you  Robbien   Mar-16-08 05:58 PM   #12 
           - Hey, I am constantly telling my brother and sister to save their money  dkf   Mar-16-08 06:12 PM   #14 
              - In poor areas, predatory loans were as high as sixty percent  Robbien   Mar-16-08 06:21 PM   #15 
                 - The people that made out like bandits were the real estate brokers  dkf   Mar-16-08 06:34 PM   #17 
                    - The mortgages have value  Robbien   Mar-16-08 06:43 PM   #20 
                       - CDOS are based on the original Mortgages.  dkf   Mar-16-08 07:00 PM   #21 
                          - Right now with Bear  Robbien   Mar-16-08 07:14 PM   #23 
  - Your making WAY TOO MUCH Sense  FreakinDJ   Mar-16-08 06:43 PM   #19 
  - This much debt monetization will drive inflation through the roof.  roamer65   Mar-16-08 05:43 PM   # 
  - They Should Put the Fraudsters in Jail!  Demeter   Mar-16-08 05:43 PM   #6 
  - No they should let the share holders sue and recover their losses from the personnel finances of the  Vincardog   Mar-16-08 05:55 PM   #9 
     - The US Doesn't Generally Use Prison for Debtors  Demeter   Mar-16-08 07:18 PM   #25 
  - this whole thing is a plan made long ago-the total rape of america  natrat   Mar-16-08 06:29 PM   #16 
  - The RTC to end all RTC's. The Grand RTC with new 50 story building coming soon.  Neshanic   Mar-16-08 06:34 PM   #18 
  - With money from who's A$$hole? I mean this is why the dollar is falling faster than chicken little  sarcasmo   Mar-16-08 07:06 PM   #22 
  - Crisco to Barish - Go Jump Out a Fucking Window  Crisco   Mar-16-08 08:29 PM   #28 
  - This is a stupid way of fixing the problem  Ichingcarpenter   Mar-17-08 05:48 PM   #30 
  - Here's the link to Rogers  NeoConsSuck   Mar-17-08 06:02 PM   #32 
     - thanks n/t  Ichingcarpenter   Mar-17-08 06:03 PM   #33 
  - The FED is NOT the same thing as the American Taxpayer.  votesomemore   Mar-17-08 05:56 PM   #31 

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