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In reply to the discussion: I simply don't understand how voters can turn their backs on a President who brought us back from [View all]Adrahil
(13,340 posts)On the one hand, I think some bankers should be in jail for deceptive practices and out and out fraud.
On the other I know a number of people who lost their houses because of their own greed. They took out these ridiculous balloon loans on a LOT more house than they could really afford and then complained that they couldn't meet the balloon payment because they couldn't flip the house for a massive profit (which had been the plan). Meanwhile some of them had teased me that I took a fixed rate late out on a house that I could actually afford.
I really don't have sympathy for those idiots.
I DO have sympathy for some folks who were snookered because they simply did not understand what they were getting in to, especially those who were actively encouraged by loan officers to lie about their incomes.