Financial fraud in the mortgage market 2.

[spectrum2000now]

This could be avoided when Government was accurate with their decision making. Consider that most American can only afford a $100,000 worth of home but allowing them to have $300,000 loan for a house.

[madashelldude]

@spectrum2000now that wasnt the real issue: securitizing those was the real problem. The real issue was that the mortgage companies were allowed to chop up every mortgage and sell it piecemeal, bundled with other pieces as "securities". That way they had no skin in the game so they gave away insane deals. They are still doing it with commercial real estate and it will 2 blow up in the taxpayers' face.

[Stargate174]

Vanny...Lol