Wednesday, August 29, 2007

Miss Teen South Carolina on Subprime

Q:
Studies show that about a fifth of homebuyers were not prime borrowers. Discuss the repercussions of loose lending standards on the US economy.

A:
I personally believe that US Americans are unable to get prime rates because, uh, some people out there in our nation don’t have money, and, uh, I believe that our banks like such as in South Africa and, uh, the Iraq everywhere like, such as and I believe that they should, our lenders over here in the US should help the US, er, should help South Africa and should help the Iraq and the Asian countries, so we will be able to build up our future for our children.

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