Posted By:
David Atkatz<<But, guess what. The people that bought 200K, 300K, 500K, etc houses with no money down, with promises of 2% interest (and don't worry you can refinance when your house is worth 40% more in two years), or by lying on their mortgage applications also deserve a lot of blame.>>
Bull. (I hope that word doesn't offend you.)
Those people were preyed upon by the lenders who knew and didn't care one whit that the loans would be defaulted upon. They made their money up front. And they were the "experts." Can you really blame the uneducated and financially unsophisticated people that believed them? (Why, better educated people than they, right here, believe that McCain is a "maverick," and that Sarah Palin has a brain.)
To everything there is a season. There is a time for civil discourse.
And a time to dispense with it.