The poor are not the problem, Its the banks.

[Kasz216]

S.T.A.G.E. said:

sales2099 said:
Ya, banks f'ed up. But this whole recession started with stupid (for lack of a better word) people getting mortgages they had no intention of paying off. Blame on both sides.

People in most cases dont look for mortgages with no intention to pay them off. The banks were cited core predatory lending as well so you can add that to the list of their woes. After carter started the community reinvestment act banks became predators chasing after even lower income individuals who desired a home.

Which was sorta the point of the CRA, to the point of where if you weren't handing out enough of those loans you'd be penalized.  So really, lot of blame all around.

Still wouldn't of bailed out the banks though.