Subprime woes: Who is to blame?

May 8 - Dozens of sub-prime mortgage companies have gone bankrupt and countless homeowners face the threat of losing their homes due to sky-high mortgage payments.Reuters Reporter Conway G. Gittens takes a look at the factor's behind the popularity and subsequent demonization of the sub-prime home loan, which caters to risky borrowers.

Category:

News & Politics

Tags:

• Subprime
• homes
• mortgage

[rowdy8888]

You signed the paper for that loan you dumb Italian Woman. A Person did not make you sign to get that house..  HELLO

-People think they are never at fault it is beyond me!

[armcrash]

It's funny how nobody complained when they were getting cash out from refinancing themselves into these loans until they couldn't make a payment later. But for who is to blame - this is right on. From my site: 1) Wall St. 2) Lenders 3) Homeowners/Salespeople 4) Gov't regulators

armcrash dot com

[JeffreyJayFisher]

Hey Everyone Google my name and let everyone know I m doing Thia poems with drawings for any who ask.

Other languages as well. Drawings included.

Keep bringing me cigars also.

It puts me in American Patriot mode who seeks justice for the murder of 35 innocent black teenagers that Obama and Clinton and Bush and Cheney and Israel don't want you to know about.

Its called BayPoint School and its Direct Connection to AIPAC.

[PizzahutGm]

it is the very nature of our economic system in America that will create a large underclass of uneducated pooor people. the blame rests on the greedy lenders whom knowingly encouraged loans to people who cant afford them.

[baseballnolie34]

When people realize banks are able to print money by fiat then charge you for using it, and then call the government to save them when they push their edge too far, they will be pissed.

And for all the anger I see now, they still don't get quite how stacked the deck is against them and why it's the entire system and its ideology, not specific people and parties. They just filled the roles left for them.

[stevohorn]

My explainantion..

Ordinary folk being screwed over by fat cat financial "wizards" playing with other peoples money.

As per friging normal!

[sshapewa]

HA american assholes who know about shit.Its pathetic that we here in africa and other continents know whats happening in your freaking country than yourselves!!who is to blame?Bill clinton and all liberal fucks!!you assholes threatened to sue banks US$10000 per failed applicant if they dont lend cheap mortgages!!FUCK U ASSHOLES now im suffering here because of your fucking irresponsibility and greed of keeping up with the joneses!!where is bill now?in his mansion while u rot in the streets!!!!

[seze70]

neither the tax payer or illegal immigrant are going to benefit from the bailout..only the ceo's and the corp. empire.

[tellthetruthh]

HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!! S0illegals aliens are milking the system again!!! While Americans pay the bill!!!

[zupf]

Incomplete reporting. No mention of the role Fannie Mae and Freddie Mac played in the subprime crisis.

[mozaks80]

duh! it was so like Osama, he totally robbed the fed bank and like left americans with NOTHING!