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Posted By: joe brennan

No David, I'm refering to the banks and the customers that took out home loans at 10 to 20x's their current income and chose to only pay interest to live in a home they could not afford. When they lost their homes, they lost a place to live. If it was their choice to live over their heads, the banks should have stopped them. Real Estate prices in some areas were so over inflated that people chose and I say again chose to buy into it. It doesn't take a Rocket Scientist to see that homes in some areas appreciated by 100% to 300% over a 10 year period that the prices would eventually level out and come back to there real world value.
Don't blame all of this on government or lending institutions. Nobody twisted their arms to get in over their heads. All it took was some research first. They are the ones who signed on the bottom line.
As for Americans who have been effected without any fault of their own, these are the people I feel for.

BTW, Don't ask me questions like I'm a 2 year old. Phrase them as you would to intelligent adult. I'm not a professor, but I'm smarter than you might think.

In Rememberance of James W. Brennan Sr. 1924-1982. Dad, thanks for everything you did for me.