Hi,
What no one is mentioning in this whole Financial mess… is Mr. Joe “Taxpayers” FAULT(S) in all of this. They did NOT Have to buy these Financial products and mortgages from these “Wall Street $%%%…And From Mortgage Lenders and Banks.
I bet if someone would have the ‘balls’ to do a study on who’s getting “foreclosed” on….I think you would find most if not all…. Graduated HS…And most Graduated from college.
I also think…you would find most had incomes in the $45,000 – $100,0000+ Range
They NEW EXACTLY…what the terms of their loans were and out of pure GREED…and the need to keep up with the “Jones”….they choose to ignore the downside of their mortgages….who’s fault is that?
That is NOT the banks fault or Wall Streets Fault…..Its MR. Taxpayers fault… its time for some of you other “taxpayers” start putting the BLAME on some of your follow “taxpayers”.
No one sits in an Escrow office for `1-2 hours signing hundreds of pages of “loan docs”…NOT knowing what it is their doing.
The new generation of Americans….Blame everyone else for their mistakes and bad judgment.
No one forced these people to sign on the dotted line…no one force these people to run up huge amounts of credit card debt…after Real Estate p[rices….went up….and no one force them to take out huge line’s of equity loans….borrowed against the equity in their houses…so the could go out and buy the next big best SUV or the biggest “Flat Xcreen TV”!!
Time for Mr. Taxpayer to take some responsibility….for their part of this whole mess.
Just because a product is on the shelve…that looks like its on sale…does not mean you have to buy it.
Point is there is a lot blame to go around…NOT just to Wall Street & Finanical Institutions & Banks.
So, tired of hearing about the BS from congress about the “poor taxpayer”. The democrats act like everyone that choose to get a particular loan was some how cheated or defrauded…which is pure BS!
Peace,
Dan
http://iraqsinconvenienttruth.com