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  • Why Would We Want to Bail Out This Homeowner? [View article]
    What I'd like to see happen is a synthesis of Jon's and tcorn's comments. I would like to see people who signed liar loans and the like prosecuted. I also want to see laws that allow the builder to keep rents without paying for the properties changed.

    What I am curious about is, to what extent did the industry prey on people? I've seen the ads for "solving all your problems with a HELOC", or "finding the home of your dreams no matter your credit." The people who responded weren't graduates of Rocket Science Academy. And the regulators were...well the Bushies replaced the regulators with yes men.

    NPR's "Big Pool of Money" does a good job of summing up predatory lending.

    So I want to see everyone pay. But I want to see the predators pay more.
    Dec 17 10:22 am |Rating: 0 -1
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