did the government ask the mortgage companies to finance houses that they knew people couldn't pay for?

It is crazy to even think that is the case.If you have bad credit and you had a good job the mortgage companies knew what the price range was for those wages.Some people use that program as an opportunity to make a lot of money and to hell with what happens next.The people who bought that Cadillac house with that pinto money also should have known better.There is no way in hell that mortgage broker couldn't tell that they were sailing a person more house than they could afford.It is their job to know that and they did.The crooks saw a chance make lots of money and blame the government for what was to happens next.They knew what was coming and they are down in the Caribbean drinking and laughing their asses off as those loan blow up in the faces of those so called dummies that bought them.There is no way in hell that the government wanted mortgage companies to finance more house than a person could afford.I see on the news where a couple looked at their paper work and saw where someone had changed information so that it would look more pleasing to a lender.While there is almost too much blame to go around,the mortgage broker is the biggest crook in this situation.I know that all mortgage brokers are not crooks but those that are bad need their butts kicked and then to jail with them.Just think ,if these people were sold a home that matched their income we may not be in this mess.It was so many $200,000.00 + houses on the market it was just too hard to pass up a chance to drive the American economy into the ground and get richer doing it.A few people got richer and they won't be going to jail for it. ONLY IN AMERICA ? We have been ENRONED! I know some racist nut would blame the democrats and blacks,ub guruy do you take that thing out and play with it at night ?.lighten up con there is enough blame to go around I heard that same line of bull before that is why I asked the question, to see how many nuts like you that were out .thanks for takin the baite. hey ibu all of the people that I've seen on the news was white and in foreclosure. how do you explain that ,if what you say is true.I guess blacks and democrats are to blame for cutting taxes for the rich and famous and lieing to go to war.With 2 wars going I guess it made good sense to cut taxes and go to war on two fronts with an army that is undermaned.Bush and chaney have gotton so many people killed for a lie that there is a grave yard name after them.

7 months ago - 4 answers