Date:   9/22/2008 10:46:49 AM ( 16 y ago)
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URL:   https://www.curezone.org/forums/fm.asp?i=1262536

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The original idea was to help poor and less credit worthy families be able to qualify and obtain housing, which is usually a shaky proposition to begin with however admirable it is on paper.   The intention was not to bankrupt the country by enabling all of the unscupulous players in the mortgage industry to put people into houses far over their heads and then watch a sea of defaults when the economy cratered and energy and other costs skyrocketed.

DQ

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