Thursday, March 12, 2009

Its all the homeowners fault

Another popular myth about the economic mess we are in is that its the fault of those individuals who took out loans they couldnt afford. But two facts do not support this popular myth.

1.A study has came out saying just as many prime mortgage are foreclosing as subprime.

2.State Attorney generals are about to launch a large number of criminal prosecutions against the mortgage industry for fraud.
Go check out Columbia Journal Review the audit for more.

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