Quote Originally Posted by texaspackerbacker
Likewise, the mortgage "crisis" is a "tempest in a teapot" promoted by the degenerate and biased media. Defaults are under 1%; Actual foreclosures are well under that. Some demagogues have actually compared this to the Depression when foreclosures reached 50% of mortgages. They were 2-3% for several years in the late70s/early 80s.


I believe defaults are way up. And credit has certainly tightened because of it. And I know some ridiculous lending practices were allowed that the industry never would have considered even 15 years ago.

But I'm not aware of the increase in defaults historical perspective.