SpartanTailgate.com - Michigan State Spartans Forums - View Single Post - Average person on the hook for mortgage mess NOW?

GRR Spartan · 06-24-2008, 05:51 PM

Bush2 didn't and doesn't want to regulate the mortgage business, the GOP believes in self-governing. What that got them was years of fraud at all levels.

Now we see home prces dropping from phony levels back to reality. The people who will get nailed in phase 2 are all the folks who took out home equity loans on their inflated values.

06-24-2008, 05:51 PM	#5 (permalink)
GRR Spartan 10,000+ posts Join Date: Sep 2001 Location: West MI Posts: 18,960 Dan Enos	Bush2 didn't and doesn't want to regulate the mortgage business, the GOP believes in self-governing. What that got them was years of fraud at all levels. Now we see home prces dropping from phony levels back to reality. The people who will get nailed in phase 2 are all the folks who took out home equity loans on their inflated values. __________________ : One National Championship, 4 trips to the Final Four, Seven Sweet Sixteens, 11 straight trips to NCAA Tournament, 4 Big Ten Championships. Yeah, we'll keep him.