Replies to post #32898 on Alcar Chemicals Group, Inc. (fka ALCX)

[MerryPrankster]

I do not think it was the rate cuts, per se, the retail loan brokers got greedy. Some of the toxic loans being farmed out were ridiculous, especially the negative amortization loans and 100+ percent financing deals ... not very prudent compared to traditional real estate lending guildelines.