Quote:
Originally Posted by 4RE KLR
Most of these damn sub prime mortgage loans were made by crooked ass lenders to good people. The lenders lied and screwed these people and then the loans became sub prime. So you would punish some 60 year old man for the balance of his life because he was a victim and got phucked by a mortgage company? Shame on you!
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THAT'S patently untrue. Subprime mortgages were made because people were greedy and wanted more home than they could afford.
Yeah, I'd punish a 60 year old man who got a subprime loan; he didn't read the paperwork, and he couldn't be bothered to check with other borrowers to see what mortgages were available to him.
I sure as hell don't want to bail him out of his stupidity, either.
Your pal,
Meat.