securities through the secondary mortgage market. Mortgage originators had every incentive to make all the loans they could, but absolutely no incentive to assure that the borrowers could pay the loans back. Credit standards were relaxed, new “sub prime” products were introduced, “no-document” loans were issued. This system provided a great deal of liquidity to the mortgage industry. But it also removed the risk of making the loan from the loan originator and handed it to a huge, diffuse ” …
This lady, Peggy Joseph, thinks Barack Obama will pay for her gas, mortgage, and who knows what else.
…. ” HOW MANY OF YOU WANT TO PAY FOR YOUR NEIGHBORS MORTGAGE? ” … BARACK OBAMA CHRISTIAN GOSPEL SARAH PALIN DEBATE BILL O’
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