Quote:
Originally Posted by EarnedStripes44
Now indulge me for a moment, for the sake of argument, lets just say s**** rolls down hill. Maybe you dont agree, and prefer highlighting irresponsible borrowers as a significant contributing cause to this mess, you'd be right I suppose, but we do lock up drug dealers for years on end, not the users. So what about the irresponsible lenders, they made a lot of money, lots of bonuses off incredible bubbles in home prices. "Speculative" bubbles in homeprices that outstripped the pace of real purchasing power for working people who secured inflated loans.
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I like your analogy of the drug dealers/users. It does fit this discussion to a point. Would you rather see drug users put behind bars and then the dealers would have noone to sell to? Or do you try to put the dealers away so the users can't get their drugs? Realistically, you can't do either to the point that it's going to end the drug problem in this country.
Same goes for loan companies. Blame the loan companies or blame the borrowers. It doesn't matter because in the long run they both are screwed. People lose their homes and companies go bankrupt. I do blame the big mortgage companies for preying on uneducated or unqualified loan applicants. Now, they are reaping what they sow. But, just like drug dealers, when one goes away, another will pop up to take it's place sooner oor later. Hopefully this crisis has at least made people more aware of their own financial state.
My point earlier was just that as much as everyone would like to blame the Republicans for everything that ails this country, the Democrats are equally to blame.
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