An "I want it now" society that refuses to live within its means is partly responsible for the subprime-mortgage crisis, Mayor Bloomberg said yesterday.(New York Post)
"I think you just can't blame the banks," he said, taking borrowers to task.
"They say, 'I want the great American dream. I want it now and I'm not going to wait until I put some money in the bank.' . . That's where we lost the moral compass of saying no to people who did not have the earning capacity to support a mortgage."
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yeah right--and 25 cents will get you a ride on the train-
ReplyDeletehypocrites and parasites
and what would the mayor know about small time folks saving for a home? And of course his highness wouldn't blame the banks, oh no, he's having dinner with them every night. David Patterson for mayor.
ReplyDeleteVile.
ReplyDeleteI do, however, love 311.