Wall Street Journal:
The U.S. housing market is facing new downward pressure as holders of subprime-mortgage bonds flood the market with foreclosed homes at prices that are much lower than where many banks are willing to sell.
Once Bitten, Twice Bitten? Banks Return to Subprime - Deal Journal ...
GMAC reverses policy on inventory repayment, restores subprime ...
FT Alphaville » Blog Archive » Hedge fund's 1000% subprime return
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Does this mean we get to do more bailouts, and give multimillion-dollar bonuses to another collection of bankers and corporate CEOs responsible for the new subprimes, so they'll stay at their jobs and fix everything?
I dearly hope someone in Washington takes noticed of this and at the very least makes a huge stink about it. We need to get rid of these money grubbing scam artists once on for all.
Shhh... HEY! No!!! These are not like the other "Bad" subprimes.
Now with cash stealing action!
Give me a break! At this point, any American that gets one of these loans, deserves what they get....!
So, if I sell you a product that I know will harm you, but I lie and don't tell you, and you're not that educated (OK you're not educated at all), and there's no one to help you sort through all the BS, and government is in my pocket, then you deserve all the harm I can inflict on you, right?
You're a real nice person. Have a good life.
Spoken like a true jack a$$
Let me guess, Republican? No? Then a "greed is good" Libertarian?
Or a "They took advantage of me", Democrat.
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Posted: 07- 8-09 09:44 PM