A *very* interesting article on the mortgage mess

[darthcrank]

In my muddling about trying to get an understanding on how and why the mortgage mess has happened (and now what the heck to do about it), I run across this article...a little history lesson from just a couple years ago.   Look who the major players are in the story, it might affect your judgement come this November!

Direct Link: http://www.bloomberg

Comments

rant worth ignoring... i'm just having a bad week, sorry.

[divablueyes]

There's a lot to this huge mess... politics, greedy ceo's, stupid people who think they can worm their way into something they can't afford, morons who build way too many houses in an already over housed market, idiots who believe a builder really can do them a favor by building them a $300,000 house for less because the market will sky-rocket later.

No one thought about the now. If you can't afford something NOW, you sure the hell ain't affording it later. There's no way to buy us out of the mess it's about finding a way to keep us from hitting rock bottom.

All politicians lie and do things they will benefit from, it's the nature of the job. All people do the exact same thing at some point during their own lives also but we don't hang them when they do it because the people who do care are usually the ones getting hurt.