But at some point, a line was obviously crossed, standards were dangerously lowered, and loans were underwritten without any regard for a borrower’s ability to repay. When home prices fell and jobs were lost, borrowers who did not have other assets to tap were left exposed.
Our Hon’ble Finance Minister Shri Pranab Mukherjee and the Chief Minister of Karnataka Shri B. Yeddyurappa had shown lot of interest to take part in this program. Due to some unforeseen urgent works, they were unable to attend this function. However, they have sent their good wishes for the program. 2.