StatesWarnedAboutImpendingMortgageCrisis

In an effort to lay blame for the current housing crisis, we need to go back in time. As usual, greed lays at the foundation of the problem. We are talking millions and millions of dollars to these companies.

It appears that the states had tried to stop the predatory lenders from entering their states, but were unable to stop them.

This report from MSNBC is great, you need to take 5 minutes to read this.

Source: MSNBC