Quote:
Originally Posted by Alf Hucker
It wasn't the rich who signed 30 year mortgages that they can't afford, nor was it the banks / lender's fault for offering them. The consumer has to be responsible for their own financial status.
|
Damn those working class people for actually expecting that the American dream was real and within their reach...
God bless the banks and the people that backed sub-prime loans, derivatives, and junk bonds.
In the end what happened? Tons of people lost their homes and most of the investors/capitalists that provided those loans did not go out of business due to the free market (even though they made high risk bad investments). No, they got bonuses.
Then they were rewarded with huge government subsidies, while the people sucked in by them lost their houses, and went bankrupt.
Sounds fair to me...
ADG