"chaniarts" wrote in message ...


Who sold mortgages to people who couldn't afford them?

do people have no individual responsibility at all, or is the government
supposed to tell them what's good for them, and they're just supposed to
listen and obey?

I'm not suggesting that people who signed mortgages they couldn’t afford
should be off the hook (except in cases of outright deception) but the other
side of that coin is an industry that knowingly sold such mortgages even
when mortgage brokers had to falsify documents to make the sale. Is it just
an astonishing coincidence that millions of mortgages were sold to people
who couldn't afford the payments?

And that wasn't the worst of it, it was those mortgages being bundled into
securities and sold between financial institutions and those institutions in
effect placing bets on those securities that brought about the financial
crisis we are still in. And guess who gets to bail out banks that got
themselves into trouble through unrestrained reckless greed--the taxpayer.
If we're going to hand out billions to people who don't deserve it, how come
it didn't go to families to save their homes, why is it always the fat cats
who get bailed out?