Why You Should Hate the Treasury Bailout Proposal

dapperdan said

Well, I think you're over-generalizing quite a bit.

I don't know of any lender, any subprime lender at the time, that would not pull a credit report. Also, I don't know of any lender that would lend to someone with no job.

Also, the issue is not interest rates. Interest rates have nothing to do with the current problems.

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Okay so lets say what you're saying is the main underlying cause for all of the problems.

How many of these were there?
When did the first rash of these become evident?
They must know when the last round of these foreclosures is coming simply by knowing how many subprime mortgages were made nationwide.

I've heard that this issue will lead into the Prime market, the credit card market and the Auto loan market. When will that become evident?