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Old 03-09-2008, 11:09 AM
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Highwayman Highwayman is offline
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Quote:
Originally Posted by TexKan View Post
You forgot to spread the blame around - nice try tho - LOL
I didn't forget.

Quote:
Originally Posted by Highwayman View Post
...I want to find the truly deserving folks and attempt to help them work through it by working something out with the lenders. I want the lenders that sold these crap mortgages to come up with funds to help with this bailout. I want to trace the crap loans back to the realtors and brokers that got these folks in trouble and if I find one that pushed a lot of the crap loans for their own profit, let’s pull their license. And finally I want the greedy politicians to stop trying to take a fat chuck out of every successful transaction so this market can turn around and folks will have their equity secure again.

I don’t want to just throw money at the problem without fixing the problem....

From your source....

Quote:
I cannot avoid sympathy I feel for those borrowers, but I must say that I believe a large number of them carries great part of blame for current mortgage crisis as they ran into flexible loans like option ARMs without understanding them, or even lied on stated income loan applications.
Should I feel sorry for someone that lied on their loan application?
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