Quote:
Originally Posted by Excaliber
I say a good share of the blame has to be accepted by the banks. Not that long ago I was offered a $500K loan on a house (strictly investment) from a lender based on my Declared income, that is NO PROOF of actual income, and a 100% financing.
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...and
how exactly would the bank be to blame? Did they force you to take the money? No? Then it's not the bank's fault.
Personal Responsibility. Two words that are sorely lacking in this whole subprime cr@p garden.
If things are going to keep going this way, I'm going to go out and lease a Bugatti Veyron, and then get the government to pay it off for me because I didn't understand the paperwork. Surely, because they gave me the keys, it must be mine.
Your pal,
Meat.