tag:blogger.com,1999:blog-10635442.post117123945340523121..comments2023-10-21T03:07:18.017-05:00Comments on Enclave: Cavalcade of Capitalists: Mortgage Brokers and the Broker-Friendly Economists Who Excuse GreedS-townMikehttp://www.blogger.com/profile/05948307051485318061noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10635442.post-1171326413626244962007-02-12T18:26:00.000-06:002007-02-12T18:26:00.000-06:00If you really want ot be objective about this issu...If you really want ot be objective about this issue then you should rant about predatory borrowers. Yes, those evil scum that take out loans without any intention of ever actually parying them off. Banks MUST charge enough interest on high risk loans to pay for these deadbeats.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10635442.post-1171293964657630382007-02-12T09:26:00.000-06:002007-02-12T09:26:00.000-06:00THe Mortgage Bankers made the comments, yet you ar...THe Mortgage Bankers made the comments, yet you are blaming the Mortgage Brokers. You need to realize that the mortgage brokers are working under the laws set by the consumer groups and the democratic state legislatures, these laws are working, but the competition for the consumer group financing arms isn't getting a big enough piece of the pie.So they are trying to put their competition out of business. The self produced study by the "consumer group" is a subsidiary of a "credit union", who does do mortgages and wants to eliminate all the competition. They pay service release just like the banks do. They are no different than the banks and their default rate is about the same as the subprime companies going out of business, yet they work off grants so they don't have to report to stock holders about profit.Anonymousnoreply@blogger.com