mortgage meltdown: Mortgage collapse 101 (The beginners guide to secondary markets)
- 09/06/07 08:15 AM
We have all heard about the mortgage meltdown, but what caused it ? It has become enough of a hot button issue that many politicians are talking about a bail out. The culprit, as usual, is greed and players on every level are responsible. The answer, and it may be painful, is to let market forces work through the problem, keep government out of the equation, and educate consumers that too much of a good thing is, in fact, too much. The mortgage industry has many faces and players. We see it mostly on the consumer level. We go to our … (3 comments)
We have all heard about the mortgage meltdown, but what caused it ? It has become enough of a hot button issue that many politicians are talking about a bail out. The culprit, as usual, is greed and players on every level are responsible. The answer, and it may be painful, is to let market forces work through the problem, keep government out of the equation, and educate consumers that too much of a good thing is, in fact, too much. ;)
;)
