> Sam wrote: > The crisis was caused by forcing lenders to provide sub-prime > mortgages to people that couldn't pay them back.
That's just plain false. Here's how you know: The government could easily just offer to buy up every sub-prime AND near-prime whether it was in default or not. That would cost $1T. If your assertion is correct, why not just do that and be done with it? And since $700B is 70% of that entire market why wouldn't banks be happy lending knowing that 70% of the problem has already been solved? Please explain. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:275712 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
