Don't fall for the "sub-prime caused the economic upheaval" okie-doke, ESPECIALLY the blame on the CRA.
Right now, 2% of mortgages that are in default are sub-prime loan mortgages.
Think about this: How can 2% be the root cause of such massive failures that we are seeing right now?
Again, how can 2% be the root cause of such massive failures that we are seeing right now?
I tend to think that 2% isn't the cause. I tend to think that 2% is just the very tip of the ice-berg. I tend to think the massive failures happening now is a result of the "bad stuff" that we are going to find out about later.
Don't fall for the okie-doke.
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