Saturday, May 12, 2007

Are Subprime Borrowers In Trouble "Qualified" For Victimhood?

Bloomberg News columnist Michael Lewis offers a perspective on the subprime mortgage lending collapse that questions the "victimhood" of those homeowners who bought homes they couldn't afford to buy by borrowing money they couldn't afford to repay. For more, see Subprime mess produces unqualified victims (It’s easier to blame the lender who offered the loan than the borrower who couldn’t repay it), reported in Daily Report.
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