View Single Post
  #10   Report Post  
posted to rec.boats
BAR BAR is offline
external usenet poster
 
First recorded activity by BoatBanter: Jun 2007
Posts: 1,728
Default There's just nothing quite like capitalism

JimH wrote:
"D.Duck" wrote in message
...
"HK" wrote in message
...
http://tinyurl.com/2cqv7t

In my mind a lot of the blame for the home mortgage crisis belongs
squarely on the shoulders of those that received the loans.

In their quest to get into a home they failed to analyze what could/would
happen when the inevitable rate changes came along.

That doesn't excuse the lenders. "There's a sucker born every minute".


At what point of the deal did the lenders put a gun to the buyers head and
force them to sign?


Minors and idiots should not be allowed to enter into contracts. I put
most of the blame for this on Congress and the lenders.