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Reader comment on:
Subprime Debacle

Submitted by Claude Bogardus, Oct 26, 2007 10:58

Pupils of the 7th and 8th Grades of America's Public School Systems should become proficient in the financial operation of compound interest and the creation of household budgets. That they graduate from High School ignorant of both is a massive faud perpetrated on the children, and the adults they will inevitably become, by America's Schooling Industry. Sheep will be sheared. The National Education Association is allowed first place in line by law and custom. The Financial Industry is content with the still lucrative leavings. When will Ameriica's Schools stop graduating financial lambs? Sadly, never, I fear.

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Other reader comments on this article

Comment By Date

I found this article balanced. The author just reported the information and allowed the reader to come to his or... [MORE]

Jeffre Powell, Certified Mortgage Planner 

Nov 11, 2007 11:00

Congress is considering legislation to hold the Lender liable for loans made to borrowers that fail. The legislation is saying... [MORE]

Prof. Samuel D. Bornstein 

Oct 27, 2007 22:31

Reckless lending puts financial system at peril. The same thing happened. We have market watch dog, Bank Examiners and Auditors.... [MORE]

prasad 

Oct 27, 2007 04:16

Congress is considering legislatiion to hold the Lender liable for loans made to borrowers that fail. The legislation is saying... [MORE]

Prof. Samuel D. Bormstein 

Oct 26, 2007 22:58

Why use the misnomer "correction" to describe the housing bear market. Housing is in a multi-year bear market that will... [MORE]

David Shulman 

Oct 26, 2007 15:29

Pupils of the 7th and 8th Grades of America's Public School Systems should become proficient in the financial operation of...

Claude Bogardus 

Oct 26, 2007 10:58

Credit bureaus require individuals to obtain long-term debt like mortgages and lines of credit to improve their credit scores so... [MORE]

Jim 

Oct 26, 2007 10:16

Your suggestion that mortgage originators be capitalized to hold a percentage of their loans in portfolio is excellent. World Savings... [MORE]

Laurent Baptiste 

Oct 26, 2007 08:16

Boo hoo. Bad investments made by greedy businessmen on mortgages entered into by uninformed buyers who weren't qualified to begin... [MORE]

Steven Gruber 

Oct 26, 2007 07:21

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