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  • doonboggle doonboggle Jul 11, 2008 7:00 PM Flag

    Newbie

    Still ... IMO ... too low; especially since one considers the fact that the last 2 administrations focused on 'home ownership ... over the 5 'Cs' of credit. On top of that demise, then there's the added stupid allowance of not having any d/p ... and in many cases, even allowing LTV to be over 100%. In a word ... STUPID!!! No wonder the country is in this dilemena; all thanks to Clinton AND Bush in continuing to allow it. Should have been a requirement ... IMO ... that when that policy was implemented, the banks capital needed to be adjusted, yearly, upwards by 1/2 of one (1) percent. But, as usual, day late, and 100 billion short.....

 
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