FollowBefriend9 threads266 comments Goleta, CAFollowed by 0Following 0Ignored by 2Ignoring 0Ignore EntitlementedAliasesIn United StatesRegistered Jun 16, 2009
Entitlemented's most recent comments:
Frugality = Equality= Virtue
Luxury = Entitlement = Voting money from the public trust.
Or is it HUDs fault?
Who where the ones with "good character"?
If you cant put down 20%, can you make the payments?
What about my new car and kitchen?
Where were the honest lenders?
Mozzillo flys to DC to meet HUD bosses, and soon thereafter we get this:
"The most important characteristic of a Republic is Virtue" Montesquie, 1750
Still at odds of the Cause of the Housing Bubble:
1. Caused by people who were spenders looking to get a great home they could not afford, not looking at the long term costs.
2. Banks set up ruse with MBS vendors, to capture non-saavy individuals/families and trick them into getting loans when they are already not wealthy, regardless of their inability to pay.
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