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Congress’ Love Affair with Convenient Solutions

Jack: yeah, I guess you're right. Blame everyone BUT THE PERSON WHO SIGNED ON THE DOTTED LINE FOR THE LOAN!! What a joke. Why can't anyone take responsibility for their own action?? Predatory lending??? Did that involve a gun to the head? Or did it just involve stupid people?? Maybe there should be an IQ test before allowing someone to enter into debt???? No matter what you say, in the end it comes down to the person making the loan and buying the house. How you work GW into this, I'm not sure other than you guys find a way to blame everything on him.

When signing for a loan, there is a nice little form that lines out what your payments will be for the worse case scenario. Its mandatory for all ARM's. Why can't the stupid people look at that form and say, "Gosh, my payments can go from $400/month to $1000 per month in 3 years and you know, I can't afford that!". Is it too difficult to understand? Is that the problem? Are you telling me that the average American is just too stupid to be trusted to make financial decisions on their own??????? I'm not sure what worries/sickens me more: having to pay for this crap or you and your like's overall disbelief in American's basic ability to think.