Thank you Brad Warthen for calling out some of the inanity on Capital Hill and among US bankers. This subprime problem has been caused by shear economic madness and greediness among all parties. But when will the madness end? It seems not likely at time soon. In his blog post today Warthen calls out Rep. Ballentine on his recent comments regarding subprime.

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This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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