MoroseMax

Robin Hood in Reverse: In Defense of the U.S. Taxpayer

There is no reason to blame the borrowers. The fault lies entirely with the banks who made the loans. They were the ones who had money at risk and thus should have been the most diligent in determining the terms at which to loan at. They failed to verify the quality of the buyers, and the collateral which is their job and so they lose their jobs. End of debate.