Subprime loans defaulting even before resets (state, home loan, financial, credit card)

[bentlebee]

If you read this it shows the problem is even bigger.

Subprime loans failing pre-resets - Feb. 20, 2008

[HappyTexan]

We are also starting to see credit card defaults so I'm not surprised.
Greed has caught up to people. You can only charge so much for so long and get away with it. The banking system lowered the qualifications and people gobbled it up.

[CouponJack]

Keep it coming. Let the cleansing of the financially reckless continue...


"Liar Loans"

"Doomed from the start"


I just want to know what were these people thinking when they hopped on board??



Pass the popcorn please....

[sathyan]

The credit crisis is crunching day by day and this is also an example of the same.
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Home Loans