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Harry Klauber · 09-30-2008, 08:41 AM

I'm willing to bet most everyone reading Vinnie's article will never even remember that happening. It has been pointed out along the way that the foundation for this mess was laid during the Clinton years but I think it being less prevalent, and resulting in fewer foreclosures, people tended to forget it. The important point is that the premise of lending to sub-qualified buyers so that we could be the country where everyone owned a home was established. The seed was planted and we watched it grow - like a weed that eventually choked off everything.

09-30-2008, 08:41 AM	#2 (permalink)
Harry Klauber Grander Join Date: Dec 2007 Location: Miami Best Catch: Blue Fin Tuna - 1049 Pounds Occupation: Retired USCG Unlimited HP Chief Engineer Posts: 1,089	I'm willing to bet most everyone reading Vinnie's article will never even remember that happening. It has been pointed out along the way that the foundation for this mess was laid during the Clinton years but I think it being less prevalent, and resulting in fewer foreclosures, people tended to forget it. The important point is that the premise of lending to sub-qualified buyers so that we could be the country where everyone owned a home was established. The seed was planted and we watched it grow - like a weed that eventually choked off everything.