Quote:
Originally Posted by stevepaa
Well, big busines is to blame. What's new? Everyone trying to compete for good quarterly earnings. New and creative financing schemes are offered to people with poor ratings.
By promoting a curtailing of loans, you are advocating more government control. Something Dems get lambasted for all the time.
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I think you misunderstand. I'm stating what I expect the Dems in Congress to do.
I personally think that the banks took the risk, they should be stuck with it.
And if ignorance of the law is no excuse for breaking it, then ignorance of personal finances shouldn't be an excuse for getting out of bad decisions. In other words, the lenders and borrowers are equally culpable.