Uncle B got it right on this page.
From the page: "Uncle B said,
March 22nd, 2008 at 10:18 am
Only one objection - sub prime loans!"
If not regulated then people (especially sales people) get greedy and work people into impossible to maintain loans. That's why I quit when the interest only sub prime arm became a common loan file.
This guy might actually be a good guy, I can't judge him. But a lot of people aren't good...they are greedy and selfish.
To sum it up, a lot of opinions and not enough facts. I'll stop now cause I gotta go work.