http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html?_r=2&pagewanted=1&em Everyone gets caught up into this mess, even those who are supposed "experts".
Wow. I guess that shows that having good information isn't enough to make good decisions. You also have to be capable of making good decisions. barfo
With a big enough down payment, the banks would give loans without documentation. It's hard to blame them, since they don't expect the house to fall in price like houses did and they don't figure people will walk from the down payment equity. Having read all 6 pages of the story, the guy was just insane. $700 on his charge card for expensive clothes and running his cards up to $50K is ridiculous.
The NYT should really just stick to spiking stories about Obama that could have harmed him during the election. That's their wheelhouse.
Hard to imagine how a newspaper can stay afloat by not publishing stories. They must have something else going for them. barfo
