Stupid is a stupid does!

As US Treasury Secretary Hank Paulson explained today, a high number of those Sub-prime mortgage borrowers that are facing foreclosure are making no or little effort to keep their homes and merely letting the chips fall.

This confirms the Sub-prime Borrowers were also Sub-prime Buyers who were unqualified intellectually as well as being unqualified financially.

I see this revelation as supporting my contention that much of the problem was in large part driven by the Invasion of Illegal Aliens into the US which created a false demand for low-end housing that in turn allowed those who were living in low-end housing to substantially upgrade their circumstance without even trying.

Stupid is a stupid does!