If you loan money to people you know won't be able to pay it back guess what's gonna happen?
Part of the problem was caused by government. They required banks to give home loans to a certain percentage of minorities... weather they could afford it or not; they had to meet quota. This is for the free market to take care of... not forced by government and now the poop has hit the fan.
Last edited by snows; 09/15/2008 12:08 PM.
