HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Wells Fargo sends refunds... » Reply #14

Response to midnight (Reply #9)

Fri Nov 2, 2012, 11:58 AM

14. I don't think it refutes anything

People were buying houses they could not afford because they thought they could flip them for a profit in 3 to 6 months. The banks and other lenders simply enabled the greedy behavior.

The realtors and appraisers (who walked away when the shit hit the fan) started and perpetuated the bubble by inflating the value of homes, I don't see anyone going after them for all the commissions and fees they made off of overpriced homes.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.