ST Alpha - "Homeowners taking loans they couldn't afford to pay is just just a tangential item. It is a direct cause of the problem." (Reading a Post)

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Homeowners taking loans they couldn't afford to pay is just just a tangential item. It is a direct cause of the problem.

Posted by ty97 Oct 23 '08, 09:54

I don't argue that the major issue was the lender, the mortgage-backed securities, etc. But to exempt the homeowners fully from blame is incorrect.

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