No. I rather like my high horse. I’m quite happy atop it at the moment.
[quote=paramount]
And BTW those lenders are way more than likely the American tax payers not some con artist mortgage broker.[/quote]
OK, let’s assume that the lenders are the American tax payers. Are you suggesting that We the People should have less strict underwriting standards than the typical private enterprise? That’s absurd. That’s how We the People ended up with the GSEs. So, contrary to your position, I think that if We the People’s money is at stake, the underwriting standards should be among the highest in the industry. I remain unsympathetic.
Now, I’m off for a ride on my high horse… at a pleasant gallop.
