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Credit Crisis the Fault of Home Buyers? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Flabbergasted

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Mon Sep-24-07 12:38 PM
Original message

Poll question: Credit Crisis the Fault of Home Buyers?

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Edited on Mon Sep-24-07 12:51 PM by Flabbergasted

A right wing friend of mine, when discussing the economy, pointed out that it was the fault of home buyers who could not afford their loans, for the credit crisis.

This is a right wing talking point for the credit crisis and was used by Bush during his speech when he offered tax advantages which would help some people stave off foreclosure.

Is this a valid argument?

Why or Why not?

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