Quote:
Originally Posted by The Dad Fisherman
If I give you something to sell for me for $100 and a guy comes up to you and says I can only give you $10 now and you say "You can take it and give me the rest later"....and the guy skips town and I'm out $90....who's fault is it? The guy that skips town or the guy that should have known better than to give it to him in the 1st place......
Isn't that pretty much what the Mortgage Companies did?
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isnt that what they're in business to do? Otherwise I wouldnt have a house and neither would 100 millions of other people.
To put it simply, mortgages, mortgage backed suecurites and every single investment is a GAMBLE. This gamble made some people money and everyone wanted in, it crashed and everyone lost. greed is easy to blame and was a factor, but the major factor.
I blame the Government, thats right, me, I blame the Bush admin and mostly Greenspan for propping up the stock market by lowering interest rates. Thats the real cause of the problem and it wasnt greed, but misguided good intentions.
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