Carl leason

Housing Market Tracker - Sell Your Yacht to Buy Subprime

All this "sub-prime" fall out is due to one thing ,..and one thing only,.. and that's genuine stupidity by most of the lenders,...big and small who made loans to unqualified people / companies, undocumented loans. I certainly don't want the Fed. Gov. bailing out these idiot bankers because that's simply making me pay for Bankers stupidity !
But, no doubt it will happen simply because the banks all have their lobbiests in place to spread enough money around so that I end up paying for banking mismanagement. One way to stop this,..if the banks want Fed . Gov. help, then let the federal gov. review every loan that's made ! I can hear the bankers screaming now ! LC