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sugarpop · 03-23-2009, 09:29 PM

Thanks Beestie. It's still confusing, and frankly I think some of that stuff should be outlawed. I did watch the Dateline special last night on this whole mess. It was very apparent that certain mortgage lenders were mostly to blame (although there is plenty of blame to go around), and actually committed fraud, and used intimidation to try and force some people to get with the program, damn the consequences. The more I learn, the more I think a whole shitload of people should go to prison. And it was laughable that some of those people thought they could afford the houses they were buying. How in the hell could a personal trainer making $20k/year, who was basically homeless, think they could possibly afford a $250k condominium? Clueless.

03-23-2009, 09:29 PM	#7
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	Thanks Beestie. It's still confusing, and frankly I think some of that stuff should be outlawed. I did watch the Dateline special last night on this whole mess. It was very apparent that certain mortgage lenders were mostly to blame (although there is plenty of blame to go around), and actually committed fraud, and used intimidation to try and force some people to get with the program, damn the consequences. The more I learn, the more I think a whole shitload of people should go to prison. And it was laughable that some of those people thought they could afford the houses they were buying. How in the hell could a personal trainer making $20k/year, who was basically homeless, think they could possibly afford a $250k condominium? Clueless.