Menu

Home › Forums › Housing › Bankruptcy laws to cover sub-prime mortgages?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • April 16, 2007 at 4:23 PM #8855
    lniles
    Participant

    Wow! Yet another push for legislation to bail out sub prime buyers.

    http://www.marketwatch.com/news/story/Story.aspx?guid={0590BD12-98B0-475D-8991-9F7597ECEF82}

    April 16, 2007 at 5:19 PM #50252
    PerryChase
    Participant

    Actually, I’m all for changing the law to allow to subprime borrowers to walk-away from their mortgages in bankruptcy.

    I’m all for letting the lenders hold the bag. That’ll teach them not to lend willy nilly again.

    But no taxpayer money to the borrowers or lenders.

    April 16, 2007 at 8:06 PM #50281
    LookoutBelow
    Participant

    I agree 100% Perry…Let the pissed off chinese that bought all that MBS junk they are wallowing in now, and also let them demand Wall Street's head on a platter…..The problem was/is Wall street crooks making a market for non scrupulous lending from sub prime scam artists…

     

    No govt bailout. 

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.