[merrylander]

Jack the mortgage system was designed by thieves for thieves, no point trying to blame Clinton or Bush. Some mortgage agent gets a mortgage for an individual, takes one point off the top and is never seen again. The banks bundle the mortgage together with others and sells the resulting product and also takes a point or two. Neither the agent nor the bank gives a tinker's dam about what happens to that mortgage because they took the money and ran.

If the people who initiate the mortgages get the money at zero risk do you really think they care about the person's credit rating. If you really do I am running a special on the Bay Bridge this week.

That sort of theivery is not allowed in Canada that is why none of their banks needed a bailout.