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Re: United States Economy [message #363534 is a reply to message #363055] Wed, 17 December 2008 10:56 Go to previous messageGo to previous message
Genesis2001
Messages: 1397
Registered: August 2006
Karma:
General (1 Star)
Ryan3k wrote on Sat, 13 December 2008 15:27

The subprime crisis clearly is derived from a lack of government oversight on risky lending practices.


Risky lending practices indeed. My friend who has NO job and same age as me (19 y.o.) just got a loan from a local bank here for $1000 to buy this run-down p.o.s. car that doesn't run (at least I'm told it doesn't run). :/

Risky lending practices indeed!
 
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