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Joined: Jul 2005
Posts: 12,082 Likes: 1
Top 10 Poster
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Top 10 Poster
Joined: Jul 2005
Posts: 12,082 Likes: 1 |
It wasn't Wall Street, the Banks, or the Brokers that caused the problem. It was the people who bought houses they couldn't afford that caused the problem. But it is the Tax Payers that are left holding the bag. Now I understand the Regulations are tighter than a drum.
There's plenty of blame to go around, alright. Yes, the buyers are to blame - as are the banks and the mortgage bundlers. The difference is this: the buyers have paid or are paying for their mistakes. Either they've lost their homes, seen their equity take a disastrous hit, or have declared bankruptcy and lost any hope of getting credit for the forseeable future. Meanwhile the bankers and the bundlers come out smelling like a rose. I think that's what folks are upset about. Scott
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