[lbo-talk] origins of the housing boom

[123hop at comcast.net]

"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.

Joanna