The Robbo Report

The Subprime Crisis And Government Failure ·

LewRockwell.com:  We should be very clear from the outset that the subprime crisis is not an indictment of subprime loans as such. These mortgage loans are higher risk loans and there is nothing wrong with higher risk loans as such. We know in advance that such loans will have higher default rates. Lenders knew this, and they charged higher interest rates accordingly.

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More Homeowners Mailing Keys To Lenders Instead Of Payments Adjustable-Rate Mortgages Due To Reset Could Bring Wave Of Foreclosures