Rick Santorum loses Support from Own Nephew

[Lynco Cards]

No, you're misinterpreting me. I'm saying ANY article that puts the blame for the subprime mortgage crisis on either Democrats or Republicans is majorly flawed and completely misses the point of the crisis itself.

Ok my bad. There were Many Many things that led to the crisis. We can blame a lot of people. The one's to really blame here are the ones who got the loans KNOWING they had no way of paying for what they were buying. I had a family member who did this. Bought a house for way more than he could afford and sure enough he lost it. He wanted to live like all the big wigs and now 10 yrs later he is broke and lives paycheck to paycheck. Lost his wife, house, cars, etc. It was HIS fault and no one else. I have no idea what he said he made per year on the application but looking at the house he bought back then i can assure you it was 10X what he was actually making.

[pghin08]

Ok my bad. There were Many Many things that led to the crisis. We can blame a lot of people. The one's to really blame here are the ones who got the loans KNOWING they had no way of paying for what they were buying. I had a family member who did this. Bought a house for way more than he could afford and sure enough he lost it. He wanted to live like all the big wigs and now 10 yrs later he is broke and lives paycheck to paycheck. Lost his wife, house, cars, etc. It was HIS fault and no one else. I have no idea what he said he made per year on the application but looking at the house he bought back then i can assure you it was 10X what he was actually making.

Absolutely. Mr. Greenspan was telling us to "tap our home equity", and people just thought they were worth way more than they actually were. I know that this crisis will serve as a learning experience for me. I'm 25, and I've never owned a house. I plan on changing that here in the next few years, and I feel confident in my ability to make a responsible decision and live within my means.