Comments on: Subprime Lending – The “Best” Way to Make Money in the Housing Bubble http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: JCraig http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/comment-page-1/#comment-1883 JCraig Fri, 30 Mar 2007 23:58:11 +0000 http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/#comment-1883 I don't think it matters if you are a minority in this subprime lending time of reflection. I dislike seeing the words poor and minority used as if they can not be separated. Subprime lending does happen to minorities surely, but it also happens to caucasian individuals as well. I think the determining factors are your economic and educational levels of the individuals invlolved. Consumers who have good credit economically are "middle class" and educated but taggeg a minority are not the bulk of the subprime market. I don't think it matters if you are a minority in this subprime lending time of reflection. I dislike seeing the words poor and minority used as if they can not be separated. Subprime lending does happen to minorities surely, but it also happens to caucasian individuals as well. I think the determining factors are your economic and educational levels of the individuals invlolved. Consumers who have good credit economically are "middle class" and educated but taggeg a minority are not the bulk of the subprime market.

]]> By: GetStucco http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/comment-page-1/#comment-1849 GetStucco Sat, 24 Mar 2007 15:29:52 +0000 http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/#comment-1849 "(There is something about being a member of the public…a card-carrying member of the lumpen masses…a good citizen…a voter…that seems to doom a man to a life of failure. We are working on some thoughts…)" Maybe it has always been this way in the good ole U.S.A. But I think it is more this way now than ever before. Our politicians are dooming our future by destroying the incentives for being the kind of citizen that made our country a politically stable entity. They are burning the legs of the chairs we all sit on to heat the room. "(There is something about being a member of the public…a card-carrying member of the lumpen masses…a good citizen…a voter…that seems to doom a man to a life of failure. We are working on some thoughts…)"

Maybe it has always been this way in the good ole U.S.A. But I think it is more this way now than ever before. Our politicians are dooming our future by destroying the incentives for being the kind of citizen that made our country a politically stable entity. They are burning the legs of the chairs we all sit on to heat the room.

]]> By: GetStucco http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/comment-page-1/#comment-1848 GetStucco Sat, 24 Mar 2007 15:26:20 +0000 http://www.dailyreckoning.com.au/subprime-lending/2007/03/06/#comment-1848 The beauty of it all is that the top management at the subprime firms that recently went belly up are probably enjoying exotic drinks on a tropical island somewhere. And the Wall Street investment banks that played middle men in the whole scam get to keep the MBS packaging fees. The bagholders would appear to be the borrowers, but now Whitehouse hopeful Democrats Dodd, Clinton and Obama are riding to the rescue with proposals to help "save our homes." Where is the downside for members of the U.S. real estate industrial complex? It's all good... The beauty of it all is that the top management at the subprime firms that recently went belly up are probably enjoying exotic drinks on a tropical island somewhere. And the Wall Street investment banks that played middle men in the whole scam get to keep the MBS packaging fees. The bagholders would appear to be the borrowers, but now Whitehouse hopeful Democrats Dodd, Clinton and Obama are riding to the rescue with proposals to help "save our homes." Where is the downside for members of the U.S. real estate industrial complex? It's all good...

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