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Typical GOOP answer to problems...I've got mine, you're fucked. I'm so sick of this bullshit about how innocent the lenders and mortgage brokers were. Somehow these people are to be blamed since they didn't understand how financing works and if we need to bail out the banks so they can continue to write more junk loans. And, yes, there are still junk loans being made out there. The other day I was at the bank and my rep was explaining how there's a "sub-market" going on where lenders are trying to "fix" troubled mortgages with even more lending and junking...it's just being done off the books.
I remember closing on my house and that my name that day was "sign here"...you're given dozen of papers to sign with a quick explanation...and you're supposed to be thinking clearly when you're thisclose to getting a house?
Here's hoping this Ishtook goon (I think he used to be a Congresscritter) gets in a financial jam and ends up homeless...and let's see who he blames then...Democrats!
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