wsigler

Wall Street Breakfast: Must-Know News

NI123: Yes, you're absolutely right...

Wall Street Breakfast: Must-Know News

Yes, there's plenty of blame to go around - but - you know what?...The simple answer is that we, the borrowers...the uneducated, ignorant, stupid, greedy borrowers who didn't have the common sense to look before we leaped...are at the root. We simply don't want to take the blame...too easy to push it off on someone else. Lenders knew these were ignoramuses they were lending to and now that it's caught up with them, they deserve NO RELIEF from the rest of we taxpayers - and neither do the borrowers who instigated it. Every one of those folks for whom it can be shown they stepped into something they were not prepared to handle and walked away - should have their credit destroyed for at least 10 years - and lenders should not be allowed to lend to them again during this period. Both the lenders and borrowewrs should be left to wallow in their own slop and the govt. (we, the taxpayers) should not contribute ONE CENT to their rescue!