Adjustable Rate Mortgage Blog December Archive

If Only They Rechecked

12/01/08 13:06

What ifs, what ifs, and more what ifs. What if banks became more careful to find out if borrowers have jobs before releasing even a penny? Would the crisis be prevented? What if the government had the guts to resist the bank lobbyists? Would we be not in such a mess right now?

Clearly, there was a lot of fault in these greedy banks' decisions.

Link: Government warned of mortgage meltdown - Dec. 1, 2008

Tags: risky mortgages • mortgage meltdown • bank lobbyists •
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