"underwater" mortgages

[classicman]

Originally Posted by Shawnee123

Using personal responsibility to excuse corporate crap is exactly WHY they do it. They knew ahead of time they could blame the victims.

Not everyone is a financial analyst. Some just want to try to make it in this stupid material world. Some are gullible and believe the liars. That doesn't negate the evil and the corruption. It just makes those who didn't "fall for it" feel superior.

Its both Shaw - They are both to blame. Neither ignorance nor greed are acceptable excuses.

Originally Posted by tw

Blaming the victim is political spin. Risk analysis was intentionally subverted so that elite financial greed could be rewarded. Once the political spin is stripped away, ARMs were dumped on unsuspecting consumers to only enrich the financial elite. It’s just not that difficult to understand once a political agenda is removed.

We are the victims. All. of. us. We are all paying whether we took out an ARM or not. Those that used them and those that were responsible borrowers - we all pay now. This is not political. It is about responsibility.