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IPFS News Link • Economy - Economics USA

U.S. states oppose bailout to subprime lenders

3-22-2007 • Reuters

Congress should not bail out subprime lenders and brokers who made risky mortgage loans to borrowers with bad credit, but lawmakers can take several steps to protect consumers going forward, a representative of the Conference of State Bank Supervisor

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Reported By Powell Gammill

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1 Comments in Response to U.S. states oppose bailout to subprime lenders

Comment by ceese

Entered on: 3/23/2007 4:16:55 AM

Subprimers should take their well deserved lumps and smile. They took advantage of many ignorant folks.

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