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Lenders Feeling Pain?

Imagine the poor fools they talked into taking out loans they couldn’t afford.

http://www.canada.com/nationalpost/financialpost/story.html?id=fdc9f361-c83f-457a-9367-53ba4c4bd253&k=76762

And how about this last paragraph – talk about pain [This is one of those “nonconventional” lenders – sounds like a euphemism the Bush admin thought up]:

“H&R Block’s Option One unit, which the tax preparer is trying to sell, posted a US$39-million fiscal second-quarter pre-tax loss, compared with a year-earlier profit of US$48.8-million.”

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