ST Alpha - "Dawson, you seem to be arguing that it can be either the lender's fault, or the homeowner's fault, exclusively." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 175

Dawson, you seem to be arguing that it can be either the lender's fault, or the homeowner's fault, exclusively.

Posted by ty97 Oct 23 '08, 09:57

We are arguing that both are at fault.

Responses:

[deleted] 9
- I think you're too focussed on proximate cause and not looking enough at the system as a whole. - Roger More Oct 23, 10:30 2
  - [deleted] 1
    - If you just look at the proximate cause, all you'll get is a band-aid solution - Roger More Oct 23, 10:47
- Sure, because a hundred million homes being sold won't affect the market value of homes.. (NM) - Marlowe Oct 23, 10:16 1
  - [deleted]
- The rash of homeowners buying outside their means helped to precipate foreclosure-fest and thereby the housing bust. - ty97 Oct 23, 10:14 3
  - [deleted] 2
    - The foreclosures were a direct cause for the decline in home values. - ty97 Oct 23, 10:23 1
      - [deleted]
To what degree % wise is blame apportioned would be an interesting survey. -- nm - Loyola Oct 23, 09:59 3
- It depends, some new homeowners were greedy, others were just stupid. Lenders were also greedy and stupid. -- nm - ceregon Oct 23, 10:02
- agreed. -- nm - ty97 Oct 23, 10:00 1
  - to the new hsx! -- nm - mafic Oct 23, 10:01
it's the homeowner's fault, and the lender's fault, and the investment bank's fault, and the investor's fault, and the regulator's fault - znufrii Oct 23, 09:58 7
- Can't we just blame nubby like we usually do? -- nm - Cuzzin Todd Oct 23, 10:00 5
  - I actually blame the FUCKING ORANGE HSX CONSULTANTS for this whole mess.. (NM) - Marlowe Oct 23, 10:06 2
    - *laughing* yep, the oompa lumpas have staged a coup and rule now. -- nm - Loyola Oct 23, 10:11
    - [deleted]
  - f*ckin nubby. -- nm - mafic Oct 23, 10:00
  - I blame Danger Girl. -- nm - mara Oct 23, 10:00
- and the rating agency's fault. -- nm - znufrii Oct 23, 09:59

Post a message top

Dawson, you seem to be arguing that it can be either the lender's fault, or the homeowner's fault, exclusively.

Replies are disabled on threads older than 7 days.