
06-18-2008, 10:11 AM
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Machiavelli Incarnate
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Join Date: Jan 2008
Posts: 4,455
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Quote:
Originally Posted by wow
Bad credit regulation?
US Lenders faced these options: Face massive class-action loan discrimination lawsuits or make bad loans? Bullshit
These foreign investors knowingly assumed the same risks by making their investments. They were not forced into funding bad loans like US lenders.
US lenders wanted those loans for short term profit, I have no sympathy for them or their foreign counterpartsAffirmative Action loans are a recipe for failure.
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On that I totally agree.
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