tag:blogger.com,1999:blog-35861392.post7338686317552668000..comments2023-08-16T10:50:12.927+00:00Comments on Loans and Finance: Northern Wreck - A Monument To The Failure of The FSAKen Frosthttp://www.blogger.com/profile/13568488818950912374noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-35861392.post-5185374821234710342009-08-05T10:10:29.675+00:002009-08-05T10:10:29.675+00:00I agree it is a failure and possibly should have b...I agree it is a failure and possibly should have been left to fail but can I point out one simple thing?<br /><br />If a bank takes on far more of the sub prime mortgage market than any other bank then OF COURSE their defaulted mortgages rate will be higher.<br /><br />Sub prime, by its very nature, is for people who CANT REALLY AFFORD the damn mortgage in the first place.ENnoreply@blogger.com