Quote:
Originally Posted by BlackCrayon
i wouldn't quite agree. if the banks are making more money when people lose a home then its basically in their best interest to give mortgages to people they know can't afford it. i'm not saying thats the situation but when banks are getting bailed out for their mistakes, what they do is everyones business.
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It's up to the borrower to decide if they can afford a mortgage, it's certainly not a job of a bank to be a financial advisor... if the borrower fails to use good judgment, defaults on the loan, and as a result bank makes $$ on the deal, there is no one to blame but the foolish borrower...
