Critics also see irony -- and some justice -- in this predicament. "They are certainly getting what they deserve," said Dean Baker, co-director of the Center for Economic and Policy Research, a liberal research group. "Mortgage bankers encouraged people to take out mortgages that were very risky, and the result of that was a large number of the mortgages went bad and caused mortgage interest rates to soar. Now they are the victims of high mortgage rates and chaos in the market more generally."
4.07.2008
Soon to be in foreclosure: Mortgage Bankers Association headquarters
Apparently, they even tried to fool themselves:
Subscribe to:
Post Comments (Atom)
-
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Depopulation
I meet a lot of very cool 30-ish people who don’t seem to be on the path to having kids. Huge mistake. Kids are awesome. It’s the circle of...
No comments:
Post a Comment