re: #199 Gus 802

The zero down or high risk loans were sold to high risk buyers. It was making billions for the financial institutions. They knew very well what they were selling and it was not the buyers fault if it didn’t work out in the end. It was the financial institutions that created and sold this scam to feed their own greed.

you can’t just give a pass to people who bought way above their means. Especially when they were bailed out at the expense of the rest of the taxpayers. If I fuck up and get upside down on my mortgage or car, I don’t expect the government to come in and fix it for me because I was too stupid to realize that I shouldn’t buy a 400K house when I make 50K a year, just because housing prices are on the rise and I tell the financiers I’m making 150K a year.