bail out: What's really behind the financial crisis
- 10/03/08 11:38 AM
Unless you went to sleep a couple of weeks ago, it must be quite clear that this fiancial crisis didn't just happen And, all the finger pointing at Wall Street (and I think they are mostly weasels) was a diversion away from the real culprits. The congress put incredible pressure on Fannie Mae and FreddieMac to lower the standards to allow more lower income and minority people to buy houses. Yes, that means people who could not afford them. Then, add on top of that the lack of supervision by the Departments of Real estate and Lender oversight regulators at state … (4 comments)
Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.
Unless you went to sleep a couple of weeks ago, it must be quite clear that this fiancial crisis didn't just happen And, all the finger pointing at Wall Street (and I think they are mostly weasels) was a diversion away from the real culprits. The congress put incredible pressure on Fannie Mae and FreddieMac to lower the standards to allow more lower income and minority people to buy houses. Yes, that means people who could not afford them. Then, add on top of that the lack of supervision by the Departments of Real estate and Lender oversight regulators at state … (4 comments)
;)
;)
