Thread: Nokia laying off people
View Single Post
Texrat's Avatar
Texrat is offline Texrat
2008-11-07 , 02:41
Posts: 11,700 | Thanked: 10,045 times | Joined on Jun 2006 @ North Texas, USA
#47
Originally Posted by danramos View Post
What's to say you're not BOTH right? People being deprived of an opportunity to own a home were forcing bankers politically to be more open to giving loans.
Dan, the sad fact is some people just do not have the means to own and care for a home. Loans should not be crafted for that shortcoming.

The bigger problem was the variable-rate and interest-payment-only loans that let middle class people buy into McMansions beyond their means. Stupidity all around on that one.
__________________
Nokia Developer Champion
Different <> Wrong | Listen - Judgment = Progress | People + Trust = Success
My personal site: http://texrat.net