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I guess the fools who took out mortgages they couldnt afford bear no responsibility.
LESTPARKER:
"I guess the fools who took out mortgages they couldnt afford bear no responsibility."
Actually, there's a reason why the unregulated practice that led to the credit crisis is called "predatory lending."
It's never the buyers fault is it?
Educate yourself on predatory lending practices before you continue spouting your ignorance.
Also, many of these companies are being bailed out by the government despite years of predatory lending practices. Buyers, by and large, are not.
Parker how dare you! Everyone knows that the Rs made em do it! In fact, Le Shrub heald a gun to their heads and it's also said that it was yet another plot to kill innocents since they will be starving in the streets.
GAWD when will we finnaly just let the Federal Government protect us from ourselves?
The Wall Street tycoons, who make eight-figure salaries to figure out these deals are bailed out by tens-of- billions of newly printed dollars from the Fed when they are scammed.
The individual home owner whose job might be to sweep floors is burned at the stake for not detecting a scam.
S0m you're telling me that if someone said to you,,,, this is your price,,, if the rate goes down,,,, so will your note,,, if it goes up,,, it will inturn rise,,,,, you'd not be able to figure that out?
You deny the illegality of many of these scams in light of the hundreds of millions in law suits that have already been paid by the sub-prime scam artists?
(I'm not saying that I do or do not agree with you.)
Law suits being filed prove nothing. Take a look at Jonathan Lee riches and the law suits he files.
http://en.wikipedia.org/wiki/Jonathan_Lee_Riches