9th
January
2009
Can’t we blame Irresponsible Borrowers for this economy?
By now we all should know how our country got into this economic depression. Anyone who doesn’t know isn’t paying attention. Yes I did call it a depression just like I called it a recession before it was official. It’s not just me either. However, if you don’t know how it happened, here is my condensed list:
- Lenders
- Mortgage Brokers
- Regulators
- Mortgage Secondary Market
- Investment bankers
- Bernie Maydoff (yes he gets his own category)
- The Feds
- White House
- Congress
- Past Presidents
- New Home Builders
- Real Estate Investors
- Hedge Fund Managers
- Media Outlets
posted in Financing, Mortgages, Real Estate Market | 0 Comments
