Yeah, jjason, because all the consumers of those loans were ethical when they overstated their incomes and assets to help qualify for more money to keep up with their neighbor's houses, boats and fancy cars. My point is that it's not just Countrywide's fault, it's a lot of people's fault. Countrywide is being used as a scapegoat since they're on their way out of business and into B of A's care.
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Yeah, jjason, because all the consumers of those loans were ethical when they overstated their incomes and assets to help qualify for more money to keep up with their neighbor's houses, boats and fancy cars. My point is that it's not just Countrywide's fault, it's a lot of people's fault. Countrywide is being used as a scapegoat since they're on their way out of business and into B of A's care.
Jun 27 18:21 pm
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All Comments by Richard Weed »Countrywide: California Piles On [View article]