Who's fault is subprime.............

Quote from jd7419:

Damn right. Looking at this issue in any other way is simply assisine. Adults who have to sit down and sign 40 plus pages three times each should at least have half a clue as to what they are getting themselves into. But I guess I give too much credit to the human race. Obviously flip that house and property ladder really warped their sense of reality.
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No DAMN Wrong.

The borrowers are not the ones writing out worthless derivative paper 10x the mortgage.

Why are people so dense here?
 
This from the one who thinks Jack Hershey is "da man." LOL
Quote from ProfLogic:

Correct. The average individual looks to banks, lenders and mortgage companies to steer them in the right direction. Not down the path of destruction. Good post El.
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Greed and capitalism are at fault. This started as a few people writing subprime and others followed due to greed. The Greed ran all the way from the real estate agents and appraisers to the ibanks as everyone wanted their piece of the pie at any cost. But those that were buying were just as at fault as the rest. Without the demand from joesixpack, the comps would not have skied and help support the appraiser's report for the next jacked up loan.
 
You're dense if you don't think deadbeats living beyond their means are at fault.

This entitlement mentality and abdication of personal responsibility is exactly why our economy is in the shape it is now.
Quote from Mecro:

No DAMN Wrong.

The borrowers are not the ones writing out worthless derivative paper 10x the mortgage.

Why are people so dense here?
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Quote from Trader666:

This from the one who thinks Jack Hershey is "da man." LOL
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No, I think Jack is "a" man.

Unlike some miscreants that simply post & flame to a stir the pot.
 
Quote from volente_00:

Greed and capitalism are at fault. This started as a few people writing subprime and others followed due to greed. The Greed ran all the way from the real estate agents and appraisers to the ibanks as everyone wanted their piece of the pie at any cost. But those that were buying were just as at fault as the rest. Without the demand from joesixpack, the comps would not have skied and help support the appraiser's report for the next jacked up loan.
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Without the DemoCraps "Affirmative Action Lending" policy, there NEVER would have even been such a thing as "sub-prime"... non-qualified J6Ps would have never been involved, and we wouldn't have this mess today.

LOTS of people abused and did wrong.. but the DemoCraps started it... They deserve the keystone blame... :mad:
 
Quote from Trader666:

Your premise is flawed. Banks didn't give away money. They loaned it to deadbeats who defaulted.
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The McDonald's premise was yours, not mine - I merely correctly your flawed analogy.

And if banks loaned to deadbeats then they did, in fact, GIVE AWAY THE MONEY!
 
Nah... you just proved you're a liar and you're trying to obfuscate the truth, just like Jack... you're too easy! You have a great weekend too :p
Quote from ProfLogic:

. . . and you proved my earlier post.

Have a wonderful weekend . . . 666!
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