Originally Posted by
PilotFrog
And the banks have no responsibility in lending hundreds of thousands to people who would never make that much money in their lifetime? There are penalties for walking away from the agreement. Credit is toast, but you can keep living and get out of a debt that wouldn't have been there without the crash.
Yes banks had some responsibility, but the previous poster spoke of financial fraud. There was no financial fraud at banks. The financial fraud occurred when people signed a contract, then refused to pay.
Carl