The Subprime Housing Market - A Possible Solution to the Foreclosure Crisis
The subprime mortgage market has hurt the American economy. How often have you heard that statement lately? The fact of the matter is that it was abusive and predatory lending practices that got many unwary consumers in a bind, which in turn is harming the American economy. So is there actually some good that can come from subprime loans, and, if so, how can we differentiate harmful subprime loans from helpful ones?