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Old 10-07-2008, 03:47 AM
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Default Should subprime mortgage lenders go to jail?

Do you suppose thse people feel any remorse as they watch the world economy destroyed?
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Old 10-07-2008, 07:00 AM
N K N K is offline
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Such is capitalism and such is policy based economics. The lenders are suffering but then again, they didnt "force" anyone to take out a bad loan. It was all speculation and everyone gets screwed. Just goes on to show that without oversight, ppl will get really greedy. As Reagan said, trust but verify. I hope from now on, we have a tight monetary policy so we don't make this mistake again.
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Old 10-07-2008, 08:43 AM
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The world's economy? Or do you mean the American economy...they aren't the same thing. The world is doing fine, the US on the otherhand...
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Old 10-07-2008, 10:00 AM
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Send Clinton for jail for pushing people with bad credit to be able to get houses they couldn't afford.
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