Posts Tagged ‘lending crisis’
Did you see price gouging before and after hurricane Ike? Do you also think predatory mortgage lending is a form of price gouging or deceit? Regarding gas prices an intelligent statement was made. With regard to the lending crisis, no effort was made. “It’s critical that we go to the source. A number of gas stations are claiming that they are only passing on increases that they have had to pay, so it is vital to examine where these price increases originated.” Why not do the same with mortgages?
Whether you call him Senator John McCain or Presidential candidate John McCain, the man is correct regarding his assement of Wall Street and the subprime mortgage crisis. “Wall Street is the villain in the things that happened in the subprime lending crisis and other areas where investigations and possible prosecution is going on,” McCain said during a taped appearance on ABC’s “This Week” program. When you look at the ratings companies, insurers, reinsurers, collateralized debt obligations, speculators, and short sellers, Wall Street is so wrapped up in the crisis it is not funny.