Did you see price gouging before and after hurricane Ike? Do you also think predatory mortgage lending is a form of price gouging or deceit? Regarding gas prices an intelligent statement was made. With regard to the lending crisis, no effort was made. Its critical that we go to the source. A number of gas stations are claiming that they are only passing on increases that they have had to pay, so it is vital to examine where these price increases originated. Why not do the same with mortgages?
It is certainly time for an investigation. The only way to prevent a repeat in the future, as history tells us, is to understand the entire problem now. I haven’t heard a call for tracking the problem to the source. Not one!