Now, you said you got a sub-prime mortgage. What kind and why?
And I love how you put all the blame on Wall Street. As if our government holds no responsibility in the housing crisis.
Sub-prime loans would have never existed if not for our government coming up with idea to force banks to give those loans.
You really believe a bank would loan 500k to a man making 50k?
Sure banks had no problem giving out sub-prime loans when the federal government was backing all sub-prime loans. It was a win win for the banks. While the loans were being paid, the banks were making a killing from the high interest loans. If the was defaulted on, the banks loss was covered by our government with Fannie and Freddie.
And as far as your idea about a democracy running a business. I work with some great guys. But I wouldn't trust half of them to balance my checkbook, much less make decisions in the company I work for.
Conservative to the Bone.
R.I.P. Ron Paul 2012. Hahaha!!!