Originally Posted by
OccupyRestSeat
What happened to individual responsibility? The "banks" didn't force jackasses to sign, did they?
Originally Posted by
OccupyRestSeat
You took out a loan you can't afford, you pay it back. I don't care if you have to pawn your Xbox 360, imitation Rolex, and your daughter's autographed Justin Beiber poster. Turn in your leased BMW and get a Kia. You signed, you pay.
And the highly educated, trained and compensated 'experts' who are supposed to investigate and verify loan applications then approve said loans to people who, by long-held banking and loan practices can not reasonably be expected to re-pay those loans.
If you give people money, under the above conditions...which did occur, it's called............... A GIFT.
The banks, Fannie and Freddie Mae, etc... screwed up and should have paid the price, with NO bailout, IMMHO.
(If you haven't already watched 'Too Big to Fail,' do watch. You'll get more than mad.
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