Here's what you need to say. First of all this is the meme they are using. On every talk show the republican spinster will blame poor people for taking out these loans. What this does is cover the level of corruption in these loans. I have diaried on this over and over again, but my message is still not reaching the masses. The problem was not that they loaned to the wrong people but the process by which these corrupt servicers dealt with people if they fell behind by 30 days, or the way they dealt with the accounting. There were big mistakes made in paying taxes, forced taxes, escrow accounts, the application of payments, and especially when loans were bought out by other banks. These changes did not take place smoothly or without errors.
Follow me over the fold, for yet another discussion about the fraud related to these loans and how the republicans want you to believe that poor people and generous dems caused this problem.