Why buy a new $125,000 motorhome?
Watch this video...some great advice... http://www.youtube.com/watch?v=SUvN3u41H94 Why buy a new RV costing six figures and having a monthly payment of like almost $1,000 spread over 15 years no...
Forum Discussion
pnichols wrote:
I expect that the banks probably lobbied government in the 1990's for the changes that made the loose lending legal. So the banks still committed the original evil ... as expected.
The problem with "government" is it's listening to lobbyists instead of us voters and then us voters letting the government get away with listening to the lobbyists. We deserve the government we get.
No they didn't. This was a government program all the way designed to get more lower income people into homes. The government backed the loans otherwise the banks would have never done them. The banks knew they were bad loans, but were forced into and they had assurances that the government would buy the loans anyway.
