You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Explain Santelli's Logic (Today's New Comment) To Me
- Thread starter nravo
- Start date
I agree both made bad decisions but the consumer is clearly more to blame... the banks didn't drop the ball on their mortgages, the consumer did.
Quote from burn8:
Over-extended buyers can only blame themselves for making dumb decisions and banks lending hundreds of thousands of dollars to people with no chance to pay it back can only blame themselves.
Both need to pay for their poor decisions.
-burn8
Quote from nravo:
Ok, he's against bailing out home buyers who were dumb, irresponsible, greedy, et cetera. Okay, I get that point of view, philosophy, the Ayn Rand thing.
But how can he support using taxpayer dollars to "beef up" (euphemism for bail out) regional banks?
He was not in support of the banking bailouts either.
Quote from Trader666:
I agree both made bad decisions but the consumer is clearly more to blame... the banks didn't drop the ball on their mortgages, the consumer did.
your frikkin kiddin right?
lending hundreds of thousands of dollars to a complete stranger without asking for collateral or verifying income is not the banks responsibility or fault?Any 5yr old knows that is extremely stupid/suicidal.
Quote from Trader666:
I agree both made bad decisions but the consumer is clearly more to blame... the banks didn't drop the ball on their mortgages, the consumer did.
Sorry, but I can't buy this. Rather, very simply: no dn pymt, no collateral = NO LOAN = NO consumer who can't make the pymt. Has anyone ever been denied a loan in years past? Sheesh ...
The banks were falling over themselves to get the free money at Mr. Greenjean's window, and they HAD to put that money to work - to who? The mortgage salesmen , who previously were pizza delivery boys, who were inundated w/ requests from wall street for mortgages, on which they could work their magic - pffft!
Do you have reading comprehension issues? I didn't say the banks were blameless, I said the consumer is more to blame than the banks. Who didn't live up to their end of the contracts? If you can't see this you're a dumbass with no sense of personal responsibility.
Quote from dsq:
your frikkin kiddin right?
lending hundreds of thousands of dollars to a complete stranger without asking for collateral or verifying income is not the banks responsibility or fault?Any 5yr old knows that is extremely stupid/suicidal.
Using your logic it's McDonald's fault for "making" people fat.
Quote from mephistoII:
Sorry, but I can't buy this. Rather, very simply: no dn pymt, no collateral = NO LOAN = NO consumer who can't make the pymt. Has anyone ever been denied a loan in years past? Sheesh ...
The banks were falling over themselves to get the free money at Mr. Greenjeans window, and they HAD to put that money to work - to who? The mortgage salesmen , who previously were pizza delivery boys, who were inundated w/ requests from wall street for mortgages, on which they could work their magic - pffft!
Quote from Trader666:
Using your logic it's McDonald's fault for "making" people fat.
using your logic banks shouldnt have locks on their front doors...why does the bank even bother using armored truck services...Duh.
What poor fool wouldnt accept a half million bucks if somebody offered it to them without collateral or personal risk?
You,i guess.