Tim H.

Why Capping Pay Is Likely to Work

Robert Perrego you didn't answer my question. If these commercial bankers etc... If they are soo smart and brilliant. How did they allow this crisis to happen? An average dumbazz can figure out that if you give someone a loan for a house they cannot afford. Then set up a subprime loan that's interest rate will kick in much higher when said loanee has no business geting loan in first place. Plus the loanee has crappy credit rating. That the first chance things go bad for loanee. The loanee will walk away from the home and default. Do you have to be a brilliant Ivy league Grad to figure out how screwed up that idea is? Yet these people looked the other way or OK'd the deals. This is unbelievable. I am outta here... BTW a good friend of mine just lost his job at a bank. So sit on that! Cutbacks ya know? Times are tough!