moonmusical (November 30, 1999 at 12:00 am)

Excuse me please. Don't blame 'the banks'. Please blame the real culprits..the Central Banks (Treasury Departments) of state governments. They failed in their mandate to control and supervise the banking system. Rather than issue meek 'guidelines' they should have legislated for prudent loan granting criteria, appointed footment to inspect the adherence of these laws and thereby effectively outlawed risky loan books.

doublehighd (November 30, 1999 at 12:00 am)

first broadcast in october 2007!

skyg74 (November 30, 1999 at 12:00 am)

very funny, very true

zenmastermatt (November 30, 1999 at 12:00 am)

Incorrect. there was plenty of predatory lending going on, in fact, it's all well documented, five minutes on google and you'll have it all at your fingertips. Fact is, the major financial institutions have gone to great lengths over the last 15, and long term, last 50 years, to hide and make obscure an already complicated set of processes. They do it on purpose to lure those stupid borrowers, off of whome they can make easy money....until it all falls apart, that is, and everyone is fucked.

ltroper (November 30, 1999 at 12:00 am)

No, "dukenthaylor" you are wrong. It's stupid borrowers, not deceptive lending practices. Too many ignorant people took out mortgages without doing their own homework, such as reading the fine print. No costs were hidden, as you suggest. The variable interest rate was explained. If you or others suffered, as you describe, you have only yourselves to blame. Get some education, pal.

dukenthaylor (November 30, 1999 at 12:00 am)

it's not just about black men, snobs; it crosses all races, creeds, colors, sexes, classes, ethnicities, etc. it's not just about shoddy houses either, dummies; it affect homes in all kinds of conditions. it's the result of deceptive lending practices, such as artificially inflating a home's appraisal so the borrower takes on more debt than the home is worth, then hiding costs such as insurance and taxes that raise monthly payments, etc). that's the problem, "wrong johns"!