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.

"BAR" wrote in message
. ..
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.


Minors already can't enter into contracts, at least in NY. Not sure if
that's federal law, or state. Idiots...it would be tricky to limit them from
entering into contracts. It would wreck the economy, since you're talking
about 54% of the country.