[lbo-talk] origins of the housing boom

123hop at comcast.net 123hop at comcast.net
Mon Aug 29 17:42:17 PDT 2011

"I agree that for some people who had nothing really to lose, the mid-to-late decade might have been a wild ride and maybe even fun -- but I don't think they are the majority. "Subprime" has gotten a stigma in the way that "free lunch" or "welfare cheese" has, and it's largely not warranted. Subprime was (and continues today to be!) a legitimate, useful category of home finance to millions."

Most certainly a (continuing) mega lunch for the banks.


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