Reply #4: Many of the homes weren't out of the price range of the buyer [View All]

[Robbien]

The predator brokers sold them mortgages which were over-priced.

The stories on the news are all about the McMansions being bought. That's bullshit.

Most of the subprime loans are taken out by good credit people who were suckered into bad credit loans by predators. Predators who were freely allowed to do business because the Bush Admin removed consumer protection laws from the books.

Even those buying McMansions were suckered by these predators into loans which were bad for them.

But go ahead, keep cheering for the predators. That will help get the consumer protection laws put back on the books.